Argentina’s Data Privacy Agency Investigating Controversial Crypto Project Worldcoin (WLD)
Argentina’s data privacy government agency, the Agency of Access to Public Information (AAIP), has announced an investigation into the eye-scanning crypto project Worldcoin (WLD). This follows similar investigations by France’s CNIL and the UK’s ICO. The AAIP is examining how the Worldcoin Foundation collects, stores, and uses personal data in Argentina.
Key points:
– France’s CNIL and the UK’s ICO have also launched investigations into Worldcoin’s biometric data collection.
– Worldcoin, co-founded by Sam Altman of OpenAI, uses iris scanners for identity verification.
– The project consists of a privacy-preserving World ID and a digital WLD token.
– Worldcoin plans to deploy 1,500 iris-scanning orbs in 35 cities worldwide.
– The WLD token is currently ranked 156th by market cap and is trading at $1.69.
Hot Take
The investigation by Argentina’s data privacy agency into Worldcoin highlights the growing concern over the collection and use of personal data in the cryptocurrency space. With other countries also scrutinizing the project, it remains to be seen how Worldcoin will navigate these regulatory challenges. Privacy and data protection will continue to be important issues as cryptocurrencies evolve.
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