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Hong Kong shuts down Worldcoin for privacy violations! 🚫🌏

Hong Kong shuts down Worldcoin for privacy violations! 🚫🌏

Privacy Concerns Surrounding Worldcoin Project in Hong Kong

Recently, Hong Kong’s privacy watchdog took action against the Worldcoin project, led by Sam Altman. The project involved the collection of iris and facial images from the public using scanning devices, which raised significant privacy concerns.

Investigation Reveals Violations of Data Protection Laws

Upon investigation, it was discovered that Worldcoin required individuals in Hong Kong to undergo iris scans and facial recognition to receive free cryptocurrency. This process resulted in over 8,000 people having their scans taken, leading to concerns about privacy and data protection laws.

  • The privacy commissioner in Hong Kong, Ada Chung, ruled that Worldcoin’s activities violated data protection laws in the territory.
  • The collection of facial and iris images was deemed unnecessary and excessive by the privacy watchdog.
  • Worldcoin failed to provide essential documents in Chinese, the primary language in Hong Kong, and neglected to inform participants about the risks associated with handing over biometric data.

Popular Launch Despite Privacy Concerns

Despite the privacy concerns surrounding the Worldcoin project, its launch in Hong Kong in July 2023 was met with significant popularity. The crypto wallet app, World App, quickly gained traction and surpassed 4 million downloads within six months.

  • Worldcoin’s spokesperson emphasized the project’s commitment to complying with relevant laws and regulations concerning personal information.

Hot Take: Upholding Privacy Laws in Crypto Projects

Privacy remains a significant concern in the cryptocurrency and blockchain sector. It is essential for projects like Worldcoin to prioritize data protection laws and ensure transparent practices to maintain user trust and compliance with regulations.

Sources:
Hong Kong Privacy Commissioner Statement

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Hong Kong shuts down Worldcoin for privacy violations! 🚫🌏