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IRS Will Soon Require Selfies for Online Access

By the summer of 2022, the only way to log in to irs.gov will be through ID.me, an online identity verification service that requires applicants to submit copies of bills and identity documents, as well as a live video feed of their faces via a mobile device.

Staff Reporter 2 min read Policy & Governance

China Launches Digital Yuan App

China has released the new digital yuan app for iOS and Android on domestic app stores. The app is available to users in 12 cities across China and will be available to foreign visitors at the Winter Olympics – but its audience will be limited. Tencent-owned WeChat announced it would begin rolling out the e-CNY as a payment option on its platform, potentially introducing the digital currency to over 1.2 billion users.

Staff Reporter 4 min read

Russia Proposes Ban on Use and Mining of Cryptocurrencies

Russian central bank proposes a ban on cryptocurrency use. Regulator warns of risks to financial stability. Analysts say the wider impact is negligible for now. Ban on cryptocurrency exchanges also proposed

Staff Reporter 3 min read