I have the same issue, have you resolved it somehow?
PawelMadej
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@wezoo when there will not be this "Reduced Security" required on Apple Silicon? When I set this I cannot use Apple Pay on my Mac any more ... seriously this makes my dev and daily user usage hard enough ... ;/
I have similar experience while using iOS 14.6 and Xcode 12.5 on MacBook M1. Do you know if this was fixed on iOS 14.7?