Home Pressure Mounts On Worldcoin As More People Sign Up

Pressure Mounts On Worldcoin As More People Sign Up

Share
Share

Pressure Mounts On Worldcoin As More People Sign Up

Worldcoin, a controversial project launched by OpenAI CEO Sam Altman, has attracted 2.3 million users globally. However, security and privacy concerns are growing as individuals receive 25 tokens and digital identities for biometric data.

Worldcoin uses orbs to scan a person’s iris, which is stored in encrypted form or deleted according to user preferences. The Electronic Privacy Information Center, a U.S. privacy campaigner, has voiced concerns about Worldcoin’s privacy nightmare and its potential privacy risks. They argue that Worldcoin bribes vulnerable individuals with unchangeable biometrics, such as iris scans and facial recognition images, for a small payout. Altman, a U.S. privacy campaigner, believes it is becoming harder to differentiate human activity from artificial intelligence. Worldcoin aims to establish a digital passport, a global financial and identity network based on proof of personhood.

Kenya, Portugal, Argentina, Britain, France, and Germany have initiated investigations into Worldcoin. Kenya temporarily suspended activities while assessing potential risks. Britain is monitoring Worldcoin, France announces checks, and Germany has been investigating since 2022. Portugal is scrutinizing data collection practices and coordinating with German authorities. Argentina has requested clarification on risk management procedures and personal data processing frameworks.

(With inputs from Shikha Singh)

Share

Latest News

Greece Approves 10% Tax on Cryptocurrency Gains
News

Greece Approves 10% Tax on Cryptocurrency Gains

Greece’s parliament has approved a 10% capital gains tax on cryptocurrency profits, with annual gains of up to €500 exempt. The approved...

Kraken Parent Payward & Clients Buy AAVE Tokens
News

Kraken Parent Payward & Clients Buy AAVE Tokens

Payward, the parent company of cryptocurrency exchange Kraken, and its clients have purchased AAVE tokens through secondary-market transactions. The investment was made...

Samsung Wallet Adds USDC Accounts On Solana
News

Samsung Wallet Adds USDC Accounts On Solana

Samsung has launched its Stablecoin Account feature in the US, allowing eligible Galaxy users to buy, hold and transfer USDC on Solana....

Trump-backed WLFI Announces Token Buyback Plan
News

Trump-backed WLFI Announces Token Buyback Plan

Trump-backed World Liberty Financial has announced a token buyback programme funded initially through fees generated by its USD1 stablecoin reserves and other...

Related Articles

Best Crypto Trading Bots In 2026

Running a crypto trading strategy manually can be challenging when markets are...

Reasons Why The U.S. Tops AI Agent Commerce

The concept of agentic commerce where agents can purchase digital services and...

Do You Need A Cryptocurrency Trading Bot?

The crypto market never closes. Bitcoin can move while you are sleeping,...

How To Use Dexscreener To Find Crypto Gems

If you have ever looked at a new crypto token and wondered...