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Hong Kong bans Worldcoin’s data collection over alleged privacy violations

admin — Wed, 22 May 2024 11:07:52 +0000

Hong Kong’s Office of the Privacy Commissioner for Personal Data (PCPD) has prohibited Worldcoin from collecting data in the region due to privacy violation concerns, according to a May 22 notice.

The privacy regulator alleged that Worldcoin collected iris and facial images from 8,302 residents using an iris-scanning device. This data collection aimed to verify user identity and generate iris codes in exchange for WLD tokens. Worldcoin has repeatedly affirmed that biometric data is hashed, meaning no images of Iris scans are stored. However, its terms and conditions do assert that users can ‘opt-in’ to share Iris images to help Worldcoin improve its system.

These actions, according to the regulator, were in violation of local privacy laws. It stated:

“The PCPD considered that the face and iris images collected by the Worldcoin project were unnecessary and excessive, contravening the requirements of DPP.”

Furthermore, the regulator criticized Worldcoin for not providing sufficient information to users, which impeded informed consent. The investigation noted that Worldcoin’s privacy notice was not available in Chinese, making it inaccessible to non-English speaking participants. The PCPD added:

“The Privacy Notice at the material time was not available in Chinese. The PCPD was of the view that participants using Chinese as native language would not be able to clearly understand the relevant policies and practices, terms and conditions of the Worldcoin project, and hence there was a lack of transparency.”

Notably, this enforcement action against Worldcoin aligns with recent measures taken by other countries. Spain, Portugal, and Buenos Aires in Argentina have also acted against the crypto project for similar privacy violations.

However, despite these regulatory hurdles across various borders, Wordlcoin adoption continues to soar. In April, World App, the first native wallet for the crypto project, reached 10 million users in less than 12 months of its launch.

Improving privacy

Worldcoin has recently garnered praise for its data privacy efforts, including commendations from Ethereum co-founder Vitalik Buterin.

In March, co-founder Alex Blania announced that Worldcoin had open-sourced the core software of its ORB technology. This move was paired with the introduction of new features that empower users to control their data usage.

Blania also highlighted Worldcoin’s dedication to working with regulators to enhance their operations.

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#1 Crypto AI Project? EARLY BUYING OPPORTUNITY

Altcoin Buzz — Wed, 03 Jan 2024 06:54:07 +0000

One of the hottest, most anticipated IDOs of the season is hitting the market this week. In what might be the perfect blend of crypto and AI, Openfabric and its $OFN token will debut this week. Check out why we think this is one of the best deals out there in the market today.

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The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the content creators/reviewers and their risk tolerance may be different than yours. Altcoin Buzz is not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.

Please do your own due diligence and rating before making any investments and consult your financial advisor. We believe that the information presented is correct and accurate, however, there is no guarantee or warranty as to the accuracy, timeliness, or completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

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3 MORE Soaring ChatGPT Crypto AI Tokens 👀

Altcoin Buzz — Fri, 27 Oct 2023 00:43:50 +0000

The AI narrative is spreading like wildfire. So, now is the best time to spot the right Crypto AI tokens for your portfolio. This video will show you three AI altcoins with strong use cases and potential.

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