Germany is investigating the recently launched Worldcoin cryptocurrency project
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The Bavarian Data Protection Supervisory Authority (BayLDA) is investigating the Worldcoin cryptocurrency project, which was officially launched last week. Writes about it Reuters with reference to the head of BayLDA Michael Villa. The investigation was launched due to the concerns of the regulator about the large-scale collection and processing of user biometric data. Worldcoin has not yet commented on the information about the investigation.
worldcoin- project, co-founded by OpenAI’s ChatGPT developer Sam Altman. Preparations for its launch lasted three years. The main feature of Worldcoin is the Orb system – a ball that scans the iris of the eye to identify users. It was this identification system that attracted the attention of the German regulator.
Will said BayLDA launched the investigation in November last year out of concern that the system requires the collection and processing of “high volumes of sensitive and sensitive data.” He noted that there are several serious risks here, including the question of whether users who consent to the transfer of such sensitive biometric data receive sufficient information about their use. According to Villa, the investigation was initiated because the Worldcoin startup Tools For Humanity has a subsidiary in Germany.
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