Negative Decision from Hong Kong for Sam Altman's Altcoin

Authorities in Hong Kong have completed their investigation into the Worldcoin (WLD) project.

According to the decision taken in Hong Kong, Worldcoin violated privacy rules due to the way it collected and stored personal information.

According to the findings, Worldcoin may retain personal information for up to 10 years to improve the authentication process and train the artificial intelligence model.

Authorities in Hong Kong announced that Worldcoin did not adequately inform its users before collecting personal information and collected information improperly.

It was reported that Worldcoin scanned the faces and eyes of a total of 8,302 people in Hong Kong.

Worldcoin, of which OpenAI CEO Sam Altman is one of the founders, attracted reaction in many countries due to its eye scanning system. An investigation was launched into the matter in the United Kingdom and France.