Breaking: Worldcoin (WLD) Under Probe by French Regulators
The Scope of the Worldcoin Investigation Worldcoin has an ambitious vision to create a digital identity platform that utilizes biometric data, particularly iris scans, to authenticate and empower individuals. Worldcoin has set up sign-up sites across the globe where people can have their faces scanned by a shining spherical “orb.” advertisement Upon approaching the orb, individuals can have their faces scanned to capture biometric data, specifically for iris recognition. This biometric information is used to generate digital IDs, granting users access to free cryptocurrency and services. While Worldcoin ’s approach may appear promising to some, it raises significant privacy and ethical concerns. France’s privacy watchdog, CNIL noted in a Reuters report that the approach “appears questionable, as do the conditions for storing biometric data.” CNIL indicated that it launched inquiries and later discovered that the jurisdi...