France’s data privacy regulatory agency is currently investigating the Worldcoin (WLD) project, known for its controversial use of iris-scanning biometrics.
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As of July 28, the Commission Nationale de I’informatique et des Libertés (CNIL), an agency in France safeguarding data privacy, has initiated an investigation into Worldcoin.
The French regulator expressed apprehensions about Worldcoin’s data collection approach, stating that the legality of this collection appears dubious, as well as the conditions for storing biometric data.
This investigation comes in response to concerns surrounding the controversial use of iris-scanning biometrics by the Worldcoin (WLD) project.
The CNIL revealed that it is collaborating with German authorities in the investigation, and the UK’s data regulator also plans to conduct “further investigations” concerning the Worldcoin project.
Since its launch on July 24, Worldcoin, co-founded by OpenAI CEO Sam Altman, has received mixed reviews, with some praising the initiative and others offering criticism.
Ethereum co-founder Vitalik Buterin, who previously shared his opinion on Worldcoin, highlighted four main risks associated with the project’s proof-of-personhood (PoP) system: privacy, security, centralization, and accessibility.
Although Worldcoin garnered over two million pre-sign-ups, interest appears to have dwindled. However, Sam Altman asserted that there have been long lines of people eager to use the iris-scanning technology, with one user being verified every eight seconds.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.