The Hong Kong Personal Data Privacy Commission (PCPD) has executed a raid on six Worldcoin stores in response to potential privacy violations under the Personal Data (Privacy) Ordinance (PDPO). This action raises concerns about the handling of personal data by the cryptocurrency project.
Worldcoin, a cryptocurrency initiative co-founded by Sam Altman, has been scrutinized for its iris scanning requirement for Hong Kong residents to earn tokens. Following a court-ordered raid, the project’s compliance with local privacy laws is under review.
Authorities conducted an investigation into Worldcoin’s operations, suspecting that the company’s data collection practices might infringe on the PDPO. The raid aimed to protect personal data privacy by examining Worldcoin’s handling of sensitive information.
The PCPD’s Loretta Chung has warned the public to be mindful of their biometric data when engaging with projects like Worldcoin. The commission stresses the unique and immutable nature of iris information, highlighting the need for compliance with PDPO regulations.
Worldcoin aims to create a digital identity and currency system using blockchain technology. However, the requirement for iris scanning has drawn the attention of authorities, prompting official action to ensure the protection of personal data.