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How do identity systems handle international sanctions compliance?
Identity systems enforce international sanctions compliance by integrating blockchain-based watchlists that flag restricted entities (e.g., individuals, organizations) via verifiable credentials (VCs). When users authenticate, systems cross-check their data against these lists in real time, blocking access if matches are found. Smart contracts automate updates to sanctions lists, ensuring immediate enforcement. SSI models let users control data sharing while maintaining regulatory adherence in cross-border transactions.
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