The Chinese Ministry of Public Security has issued a public warning about the collection of biometric data, particularly iris scans, by cryptocurrency projects. According to the announcement, such initiatives may jeopardize personal privacy and national security. This warning specifically targets projects like Worldcoin, founded by Sam Altman.
Concerns Over Biometric Data Collection
Recently, many cryptocurrency projects have started collecting biometric data for identity verification. Worldcoin has announced that it collects iris scans for user identity verification. Chinese authorities have highlighted concerns regarding the protection of personal information and the potential risks involved.
Reports indicate that these applications contain uncertainties regarding the processing and storage of the collected data. Experts consider biometric data to be more sensitive compared to other identity information. Discussions about privacy infringement risks continue worldwide.
Worldcoin (WLD) Initiative
Worldcoin uses iris scanning technology to verify users’ identities uniquely. The project has faced scrutiny and examinations in various countries internationally. However, China’s specific warning about this project draws attention in terms of the country’s regulatory practices.
The Ministry stated that such applications could lead to unauthorized use of personal data on a societal level. Some users have expressed concerns about their privacy rights. The lack of clarity on how the collected biometric data will be used is the foundation of these concerns. The WLD team previously stated that these data are deleted after unique identities are created.
China’s Warning on WLD Coin
Certain government institutions emphasize the potential of these projects to share sensitive data with third parties. According to a statement from the Chinese Ministry of Public Security:
“The extensive collection of biometric data poses various risks to personal privacy and national security.”
The agency warns citizens to be cautious against such applications, primarily targeting the Worldcoin project. Several underlying reasons, such as the AI race and attempts to prevent advanced U.S. chips from entering China, can be mentioned in this context.
In summary, the Chinese Ministry of Public Security stresses that similar projects should align with the country’s information security strategy. Following these developments, China might introduce new measures. Already having banned cryptocurrencies, China might impose additional restrictions on this matter.
