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Urszula McCormack, partner at King & Wood Mallesons specializing in cross-border finance and tech, outlines future paths for digital identity being embedded into payments, trade finance, and stablecoins. Find this content helpful? Please like, share, SUBSCRIBE! For all of our content, visit https://www.jdbreport.com. Timecodes 0:00 - Urszula McCormack, KWM 3:06 - Digital ID’s role for institutions and ecosystems seeking integrity, and how innovation is changing these roles in payments and financial services 6:23 - Is blockchain infrastructure compatible with centralized or government-issued IDs? 9:19 - Use of Zero-Knowledge Proofs and other cryptographic tools in real life, and how governments and companies are thinking about data, sources of truth, and liabilities 11:26 - Privacy versus transparency and improving privacy models to make them deployable 13:13 - Prospects for embedding virtual ID into programmable money and the proliferation of customizable tools and smart contracts – and the limits of credentials 15:51 - AML reforms in digital assets, conduct rules, stablecoins and lifecycle controls on tokens – to what degree regulation is covering DeFi actors and infrastructure – rules for using specific identities 19:54 - Bank skepticism toward individual identifiers, portability of credentials, challenges of ID utilities, commercial considerations, and the future of wallets of verifiable credentials 22:30 - Impetus for change: regulators, banks, tech companies - and what areas of cross-border commerce will be early users of embedded digital IDs