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Do Parallels moderators watch these forums? Perhaps someone from Parallels can comment on this issue. Josh
Personally I don't think it has anything to do with Activation. I think it has something to do with it being a beta and Parallels not being fully...
I'm having the exact same issue here with Parallels 17 installed on a test rig (Apple MacBook Air M1 16GB). I had to add TPM via Parallels...