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Posts for Tag: bank account

Global Digital ID has been Tested And will be Showcased to Policymakers

AlongID is a cross-border digital identity platform developed by international software company Deverium. The platform is currently in its early validation phase and will be showcased next week at GITEX Global, the world’s largest technology and AI exhibition, targeting policymakers and investors. AlongID is a global digital ID. [Read More]

Digital ID: The Canary in the Coal Mine

As of September 1, 2025, Vietnam shut down more than 86 million bank accounts that were deemed inactive or non-compliant with the new biometric rules. Vietnam’s new banking system now requires mandatory biometric authentication for customer account validation, a move initiated by the State Bank of Vietnam. Without digital compliance, these people no longer have access to their own money. This Orwellian move is part of the central bank’s “cashless strategy”, aimed at combating identity theft, fraud, and AI-enabled scams. Moreover, the Vietnamese government has openly committed to eliminating cash entirely by 2030. [Read More]