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Worldcoin reprimanded in Hong Kong
OpenAI CEO Sam Altman’s flagship crypto project, Worldcoin, has been sanctioned in Hong Kong due to alleged privacy violations.
According to local reports citing the Office of the Privacy Commissioner for Personal Data, authorities have requested Worldcoin to cease collecting data of local residents from the firm’s iris scanning devices.
Investigators alleged thatprior toscanning their biometrics, participantswere not properlty informedaboutthe collection oftheir private data, which would “be retained for up to 10 years to train the artificial intelligence model for the identity verification process.”
In response, Worldcoin has stated that the firm “doesn’t seek to know, share or profit from a person’s identity or personal information, only to verify that they are human and unique.”
Over 10 million users worldwide have signed up for Worldcoin since its launch in June 2023. Users who scan their irises can receive the WLD token as an incentive.
