The Worldcoin Basis expressed disappointment over Hong Kong authorities’ choice to ban its knowledge assortment efforts attributable to alleged privateness violations, in line with a Could 23 assertion shared with CryptoSlate.
On Could 22, Hong Kong’s Workplace of the Privateness Commissioner for Private Information (PCPD) halted Worldcoin’s knowledge assortment actions within the area.
The PCPD claimed that Worldcoin’s assortment of facial and iris photographs from over 8,000 Hong Kong residents was each pointless and extreme. Moreover, the regulator accused Worldcoin of failing to supply sufficient info to customers, thus compromising their capability to present knowledgeable consent.
Lawful operation
A spokesperson for Worldcoin affirmed the undertaking’s dedication to authorized compliance, together with adherence to Hong Kong’s Private Information Ordinance and related rules worldwide.
The spokesperson additional emphasised that Worldcoin goals to set excessive requirements for privateness safety in preparation for the AI period. The undertaking achieves this via minimal knowledge assortment, person management over knowledge, superior technological measures like private knowledge custody, iris code choice, and safe multi-party computation.
Consequently, Worldcoin expressed disappointment that the Hong Kong regulators failed to contemplate these privateness developments earlier than imposing a ban on the undertaking.
In the meantime, Worldcoin’s dissatisfaction mirrors its response to Spain’s knowledge safety company, which additionally blocked knowledge assortment efforts from the Sam Altman-backed firm. Whereas Worldcoin hinted at potential authorized motion in opposition to Spain, it didn’t specify whether or not it might pursue related measures in opposition to Hong Kong.
WLD worth down
The continued controversy surrounding the undertaking in Hong Kong has led to important losses for the WLD token.
WLD is amongst CryptoSlate’s greatest losers for Could 23, dropping about 5% up to now 24 hours to $4.86 as of press time.
This decline mirrors a broader market development, with main digital belongings resembling Solana and BNB additionally seeing losses exceeding 2% throughout the identical interval.