The post Maldives digital ID launch aims to supercharge economy appeared on BitcoinEthereumNews.com. Homepage > News > Business > Maldives digital ID launch aimsThe post Maldives digital ID launch aims to supercharge economy appeared on BitcoinEthereumNews.com. Homepage > News > Business > Maldives digital ID launch aims

Maldives digital ID launch aims to supercharge economy

The island nation of the Maldives is set to start issuing digital IDs to its 530,000 citizens in 2026 as it seeks to boost its digital economy.

Announcing the move, the Minister of Homeland Security and Technology, Ali Ihusaan, said that the smart ID card will offer citizens access to dozens of public services. The government has been working on consolidating disparate systems operated by separate agencies into a unified platform to ease access in the digital age.

The minister revealed that the government has already enrolled 272,000 citizens aged 10 and above onto the new digital ID system, accounting for 80% of the eligible population. Now, all that remains is the issuance of the smart ID card.

The Maldives is the smallest country in Asia and the region’s second-least populous. Its $7 billion economy relies predominantly on tourism, attracting about two million visitors last year. Its digital economy is still in its nascent stage, but the government has a stated goal of boosting the sector to account for at least 15% of the gross domestic product (GDP) by the end of the decade. It’s part of a bigger plan to transition the country into a developed nation status by 2040.

The Maldives already has a headstart in digital ID issuance. The country has had an electronic ID system, dubbed eFaas, that has been active for over a decade. eFaas even offers biometric identification, with Latvian ID solutions company Regula Forensics taking over from Sumsub as the biometric tech partner a year ago.

Last year, legislators passed the Digital Identity Bill, establishing a digital ID system for the country and paving the way for the smart ID card.

According to the minister, the new card will offer access to 17 government agencies under the OneGov platform, enhancing access and boosting efficiency.

The Maldives joins neighboring Sri Lanka in making digitalization a core pillar of their economic growth strategies. The South Asian nation recently received a $50 million grant from the World Bank to boost its digital transformation, with a government cloud platform and an online citizen portal among the key targets.

Watch: Why using transparent ledger for digital identity ensures trust

frameborder=”0″ allow=”accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share” referrerpolicy=”strict-origin-when-cross-origin” allowfullscreen>

Source: https://coingeek.com/maldives-digital-id-launch-aims-to-supercharge-economy/

Market Opportunity
SPACE ID Logo
SPACE ID Price(ID)
$0.06004
$0.06004$0.06004
-1.49%
USD
SPACE ID (ID) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

XRP Insider Shuts Down Whale Drama: Big Holders Won’t Control Crypto’s Long-Term Price

XRP Insider Shuts Down Whale Drama: Big Holders Won’t Control Crypto’s Long-Term Price

Ripple Executive Urges Caution on XRP $100 Price Hopes as Market Maturity Limits Upside A senior executive at Ripple has cautioned investors against overly o
Share
Hokanews2026/01/31 13:16
Nearly 150 Million Pi Migrated in Just Two Days, What This Unprecedented Move Means for Pi Network’s Future

Nearly 150 Million Pi Migrated in Just Two Days, What This Unprecedented Move Means for Pi Network’s Future

Pi Network has reached a significant milestone that is drawing renewed attention from the global crypto community. According to information shared on Twitter b
Share
Hokanews2026/01/31 13:43
IP Hits $11.75, HYPE Climbs to $55, BlockDAG Surpasses Both with $407M Presale Surge!

IP Hits $11.75, HYPE Climbs to $55, BlockDAG Surpasses Both with $407M Presale Surge!

The post IP Hits $11.75, HYPE Climbs to $55, BlockDAG Surpasses Both with $407M Presale Surge! appeared on BitcoinEthereumNews.com. Crypto News 17 September 2025 | 18:00 Discover why BlockDAG’s upcoming Awakening Testnet launch makes it the best crypto to buy today as Story (IP) price jumps to $11.75 and Hyperliquid hits new highs. Recent crypto market numbers show strength but also some limits. The Story (IP) price jump has been sharp, fueled by big buybacks and speculation, yet critics point out that revenue still lags far behind its valuation. The Hyperliquid (HYPE) price looks solid around the mid-$50s after a new all-time high, but questions remain about sustainability once the hype around USDH proposals cools down. So the obvious question is: why chase coins that are either stretched thin or at risk of retracing when you could back a network that’s already proving itself on the ground? That’s where BlockDAG comes in. While other chains are stuck dealing with validator congestion or outages, BlockDAG’s upcoming Awakening Testnet will be stress-testing its EVM-compatible smart chain with real miners before listing. For anyone looking for the best crypto coin to buy, the choice between waiting on fixes or joining live progress feels like an easy one. BlockDAG: Smart Chain Running Before Launch Ethereum continues to wrestle with gas congestion, and Solana is still known for network freezes, yet BlockDAG is already showing a different picture. Its upcoming Awakening Testnet, set to launch on September 25, isn’t just a demo; it’s a live rollout where the chain’s base protocols are being stress-tested with miners connected globally. EVM compatibility is active, account abstraction is built in, and tools like updated vesting contracts and Stratum integration are already functional. Instead of waiting for fixes like other networks, BlockDAG is proving its infrastructure in real time. What makes this even more important is that the technology is operational before the coin even hits exchanges. That…
Share
BitcoinEthereumNews2025/09/18 00:32