China’s national security agency is calling the growing trend of sensitive biometric data collecting projects such as iris scans in exchange for digital assets.
Summary
- China’s National Security Agency has raised an alarm on biometric data collection by projects such as WorldCoins.
- Cum-Cin World Altman has faced an inquiry on the nature of its operations by Openai CEO Sam Altman.
- The WLD token is significantly below the last one year and is about 90% of its all time.
In a public advisory issue through its official weight account on 6 August, the Chinese State Security Ministry (MSS) warned that the face, fingerprint, and iris investigations have been harvested under false excuses, as fodder using some crypto intentions.
For MSS, such practice has severe risk and danger to personal privacy and national security. The alert indicates previous examples where foreign actor collector collector collector and facial data identification or token distribution, then transferred that data to unrelated objectives.
The agency emphasized that such data, when incorrectly, can be used to reconcile individuals, infiltrate safe facilities, or to support monitoring and spying operations.
While the agency does not mention a specific unit, the details correspond to the Closely WorldCoine, the controversial provision that has often faced an inquiry for a similer model.
What is WorldCoine, and why is it controversial?
The World Cooine, who was recently admitted to the World, was launched in July 2023 by Tools for Humanity, a tech company co-company by OpenAII CEO Sam Altman. The project aims to build a global digital identification system, called “World
In turn, users receive the country tokens tied to the project, WLD (WLD). WorldCoin says that its system helps humans to separate from AI online and expands financial access, which offers each other and anonymous ways to verify the idea.
While the world promotes itself as privacy-first, it has faced pushbacks in many areas how it collects and stores biometric data.
WorldCoine and Data Confidential concern
Since its official rollout, the world has promoted a global dispute due to the nature of its operations. The Kenai government was first to ban the project in September 2023, a few months after the rollout, citizen was using concerns citing concerns on it.
After a long time, the office of the Privacy Commissioner for personal data in the world that the WorldCoine violated the city of the individual data ordinance, which raises the risk for privacy. Other regions such as France, Portugal, Spain, Brazil and South Korea raised similar concerns, and some of these markets have been taken to take out the project to get out under regulatory pressure.
WorldCoin defends its operation by claiming biometric data in October 2024, the platform passed through a rebrand and launched a new layer -2 network, which states that this data prefer compliance with the security laws.
Nevertheless, the questions remain on its biometric data collection and abuse or unauthorized distribution capacity.
Meanwhile, the WLD token has declined. Trading at the press time at $ 0.94, the WLD is 45% compared to the previous year and 90% below its highest point. The price at the price is largely inflated from the negative regulatory presses, and now there should be trouble that now leave China, the token can withstand the negative side of the future.
