The UK data regulator on Tuesday said it will study the Worldcoin iris biometric project by OpenAI CEO Sam Altman to find risks such as privacy and security associated with the project. Worldcoin launched on Monday, with major crypto exchange racing<\/a> to list the WLD token. The price fell after experts raised concerns regarding Worldcoin and asked the crypto community to avoid buying WLD.<\/p>\n The UK Information Commissioner’s Office on July 25 revealed that it will examine the Worldcoin project, which aims to provide users with digital identification and free WLD tokens in exchange for their iris scans. A spokesperson for the Information Commissioner’s Office told<\/a> Reuters:<\/p>\n <\/p>\n \u201cWe note the launch of WorldCoin in the UK and will be making further enquiries. Organizations also need to have a clear lawful basis to process personal data. Where they are relying on consent, this needs to be freely given and capable of being withdrawn without detriment.”<\/p>\n<\/blockquote>\n The Worldcoin project also includes the World ID system, iris-scanner Orb, and the World App wallet. Two million users have already signed up for the project, and it is expanding its eyeball-scanning operations in 20 countries.<\/p>\n While several experts have raised privacy and security concerns with the project, Worldcoin co-founder Sam Altman suggests<\/a> that privacy concerns over the company’s iris-scanning AI will diminish when they open-source the code. ethereum creator Vitalik Buterin also raised concerns<\/a> over privacy and security, highlighting poor design, privacy, and security concerns around the Orb, and some of the company’s business decisions.<\/p>\n <\/p>\n <\/p>\n Also Read: Elon Musk Reveals Why Rebranding Twitter To X Is Crucial & Impact Of Shiba Inu Dog<\/a><\/strong><\/p>\nWorldcoin Faces Examination by UK Data Regulator<\/h2>\n
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WLD Token Price Falls<\/h2>\n
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