Leading German financial regulator investigating Worldcoin
By distinguishing between humans and AI, the project envisions a safer digital landscape. However, concerns have risen, especially from privacy experts, regarding Worldcoin's collection and protection of biometric data.
In addition to Germany, Worldcoin has faced scrutiny from the French data protection agency, the Commission Nationale Informatique & Libertés . The CNIL is questioning the legality of Worldcoin's data collection methods and storage conditions for biometric data.might also face inquiries from data regulators in the United Kingdom, increasing international pressure on the cryptocurrency project.
Worldcoin, while marred in controversy, has garnered a vast user base with over two million people registered for World IDs. Motivation ranges from curiosity to financial incentives, with the company offering its own crypto token, WLD, as an enticement for those willing to partake in iris scanning.
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