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Regulatory scrutiny increases for Sam Altman-backed iris-scanning crypto Worldcoin

Authorities worldwide have grown skeptical of OpenAI CEO Sam Altman's newest cryptocurrency project, which scans user irises in exchange for tokens, to the point of at least one country suspending operations.

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Kenya Bans Worldcoin and World ID as Other Nations Push Back on Privacy Concerns

Worldcoin, which says it wants to build a “more human internet” with its World ID credential and globular iris scanning device, has been told that the its plan is not welcome in Kenya until its biometric data collection practices have passed a legal assessment, according to Africa News. The country’s Ministry of Home Affairs announced it is suspending Worldcoin’s enrollments and cryptocurrency issuance while “the relevant government agencies certify the absence of any risk to the public.” Concerns about Worldcoin’s commitment to privacy and the legality of its practices mean that, for now, anyone left holding a Worldcoin token will have to wait to cash it. Regulators in the UK, France, Germany, Kenya and Mexico are also scrutinizing Worldcoin.

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OpenAI CEO Sam Altman s Worldcoin to build infrastructure, allow third parties to use the technology

Worldcoin plans to expand globally and offer its iris-scanning and identity-verification technology to other organisations, according to a senior manager. The company, launched last week, requiring users to give their iris scans in exchange for a digital ID and free cryptocurrency.

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Nintendo Surprises on Switch Sales and Revenue – DTH

Mario and Zelda helped make it a good quarter for Nintendo, Kenya stops sign-ups of Sam Altman's Worldcoin and Reddit won't be forced to hand over user information. MP3 Please SUBSCRIBE HERE. You can get an ad-free feed of Daily Tech Headlines for $3 a month here. A special thanks to all our supporters without you,…

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Data Collection - All News And Posts By Crowdfund Insider

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