Worldcoin Operations Violate Privacy and Should Cease, Hong Kong Regulator Says
Summary
The Privacy Commissioner for Personal Data (PCPD) in Hong Kong has ordered Worldcoin Foundation to halt all operations related to the Worldcoin project in the city due to violations of data protection principles. The directive comes after an investigation into the iris biometric cryptocurrency project, which involved scanning and collecting iris and face images of the public. The investigation revealed that 8,302 individuals had their faces and irises scanned for verification during the project's operation in Hong Kong. The value of Worldcoin's token WLD fell by 1.2% to $5.01 within 24 hours of the announcement. The project has also been suspended in Kenya due to privacy concerns.
