The Investigation into Worldcoin by French Data Privacy Agency
The Worldcoin (WLD) project is currently under investigation by France’s data privacy regulatory agency, the Commission Nationale de I’informatique et des Libertés (CNIL). The agency has raised concerns about the project’s controversial iris-scanning biometrics and has questioned the legality and conditions of data collection.
Key Points:
– The CNIL is investigating Worldcoin’s data collection method.
– The agency is collaborating with authorities in Germany for the investigation.
– Britain’s data regulator also plans to conduct further investigations on the project.
– Worldcoin, co-founded by OpenAI CEO Sam Altman, has received mixed reviews.
– Ethereum co-founder Vitalik Buterin has raised four major risks associated with the project’s proof-of-personhood (PoP) system.
Hot Take:
The investigation into Worldcoin by France’s data privacy regulatory agency raises concerns about the project’s data collection practices. The involvement of authorities from multiple countries highlights the seriousness of the matter. While Worldcoin has garnered attention and attracted pre-sign-ups, the project’s controversial biometric technology and potential risks identified by industry insiders like Vitalik Buterin raise doubts about its long-term viability and adherence to privacy and security standards. This investigation serves as a reminder that data privacy should be at the forefront of any blockchain or cryptocurrency project.