More than a dozen jurisdictions have either suspended the Worldcoin project’s operations or looked into its data processing
Sam Altman is battling with governments over your eyes. More than a dozen jurisdictions have either suspended the Worldcoin project’s operations or looked into its data processing.
The project, backed by Altman’s venture capital firm Variant Fund Management, aims to distribute a universal basic income-style cryptocurrency to billions of people around the world.
But regulators are concerned about how the project collects people’s iris scans and other personal data.
The scans are used to create unique digital identities for each person, which are then linked to a cryptocurrency wallet.
But regulators say they are concerned about how the data is being processed, stored and used, and whether people are fully consenting to the collection of their scans.
The project, which began rolling out in Kenya last year, has also been suspended in Indonesia, Malaysia, the Philippines, Thailand and Vietnam.
Other jurisdictions, including the US, Britain, Canada, France, Germany, India, Mexico and Nigeria, are also looking into the project’s data processing.
A Worldcoin spokesman said the project was “fully committed to working with regulators around the world to ensure that everyone can participate in the Orb scan experience with confidence”.
“We believe that the Orb scan is a powerful tool for good, and we are grateful for the opportunity to continue engaging with regulators in service of our mission to put everyone on the economic map,” the spokesman said.
“We are encouraged by the positive feedback we have received from participants in the Orb scan, and we look forward to continuing to roll out the project in new countries.”
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