Why? If anything, a foreign company seems to present less risk.

If you're concerned about the government getting your data, your own country can subpoena a company within its borders and get your info.

It's a lot harder to get your private data from a company outside of a country's borders.

So you would be happy to have your digital identity be managed by Xiaomi, Yandex, or Eitaa?

I don't know what you mean by "managed by".

But I'd be perfectly happy to use a phone made by any of them that let me upload my driver's license to a wallet they managed.

I mean, why wouldn't I? What do I care whether China knows who I am...? I mean, I've already given them my passport when I visited anyways.

I'll manage it for you. Just send me an email with a photo copy of your identifying information and I'll add it to a digital wallet I'm working on for you. You've got nothing to worry about, right?

Why would I want you to manage it? Are you making a phone I want to buy?

Just because I'm happy with some corporations having a scan of my driver's license doesn't mean I'm happy with anybody having it.

Are you already storing the details of millions of others, and mine is nothing special? Are you a publicly traded corporation accountable to shareholders? Are you a nation-state with procedures around all these things? Or are you a criminal trying to sign up for credit cards in my name?

Your supposed equivalence isn't an equivalence at all.