Hong Kong Initiates Probe into Worldcoin Over Privacy Fears

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By BitcoinWiki News

Key Takeaways:

  • OpenAI CEO Sam Altman’s Worldcoin project under probe in Hong Kong
  • Hong Kong’s data protection authority investigated six Worldcoin booths
  • Worldcoin raises significant concerns about personal data privacy
  • Privacy Commissioner’s Office launched an inquiry into the project
  • Worldcoin’s crypto wallet application, saw over 1 million active users and garnered over 4 million downloads within six months of its launch
  • Worldcoin uses a special device called the “Orb” to scan people’s eyes
  • Operators perform these scans to confirm people’s identities for Worldcoin
  • Regulators worldwide are concerned about how Worldcoin manages biometric information
  • Even Ethereum co-founder Vitalik Buterin has expressed reservations about Worldcoin’s system
  • Last month, Worldcoin temporarily paused its orb verification service in India, Brazil, and France

Heading 1: Overview of Worldcoin
Worldcoin is a project founded by OpenAI CEO Sam Altman with the goal of implementing a universal basic income (UBI) system. The project uses a special device called the “Orb” to scan people’s eyes, ensuring each crypto grant goes to a different person. The World App, Worldcoin’s crypto wallet application, has over 1 million active users and garnered over 4 million downloads within six months of its launch. The project aims to promote financial equality and make digital assets accessible to all.

Heading 2: Privacy Concerns and Regulatory Probes
The Worldcoin project has raised significant concerns about personal data privacy and potential breaches of data laws. The Privacy Commissioner’s Office in Hong Kong has launched an inquiry into the project, and operators responsible for the Orbs are under investigation. Global regulators in Germany, France, Britain, and other countries are also concerned about how Worldcoin manages biometric information. Even Ethereum co-founder Vitalik Buterin has expressed reservations about the system used for verifying human identities.

Heading 3: Privacy Commissioner’s Warning and Actions
Privacy Commissioner Chung Liling has cautioned the public against being too casual when participating in iris scanning activities. The office has launched an inquiry into the project, keeping in mind the privacy of individuals’ data and has instigated a probe using a court warrant on Worldcoin booths in Hong Kong, requesting the operators to share relevant documents and information.

Heading 4: Temporary Pause in Certain Countries
Last month, Worldcoin temporarily paused its orb verification service in India, Brazil, and France, indicating regulatory concerns in these countries.

Heading 5: Lack of Comment from Worldcoin
Despite the ongoing investigations and privacy concerns, Worldcoin has not yet responded to requests for comment, leaving the public and regulators with unanswered questions about the project and its implications.

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