Malaysia proposes blockchain identity system to curb fraud

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Malaysia is the chair of ASEAN for 2025, and its Deputy Prime Minister says blockchain can add a layer of security to online transactions for 677 million residents.

The post Malaysia proposes blockchain identity system to curb fraud appeared first on CoinGeek.

Blockchain could also mitigate against identity fraud, which costs victims billions yearly; in 2023, Americans lost $43 billion to identity fraud.

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Article Details

Author / Journalist: Steve Kaaru

Category: Crypto

Markets: CanadaIndiaIndonesiaMalaysiaNigerNigeriaSingaporeThailand

Topics: Cybersecurity ASEAN Digital ID Southeast Asia Digital Identity Identity Fraud Business

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-29 @ 02:00:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 527 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 25594973

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