Worldcoin, the AI-centric identification project, is facing backlash from privacy advocates and regulators due to its biometric data collection. The project, which rewards users with WLD cryptocurrency for scanning their irises, has been banned in Spain and Hong Kong over privacy concerns. Despite this, Worldcoin claims its technology is misunderstood and has made its software open-source in response to the criticism. While the company is taking steps to improve transparency and security, it still has a long way to go to convince the public and regulators that its protocol is private, safe, and useful. 🌐