| Project | Status | Country |
|---|---|---|
| Worldcoin | Banned | Kenya, Brazil, Spain, Portugal, Hong Kong |
What is China’s Warning on Biometric Data Collection?
China’s Ministry of State Security has raised alarms about crypto projects that collect biometric data, such as iris scans. These activities are viewed as potential threats to national security, prompting the government to urge citizens to report any suspicious operations.
How Does This Affect Worldcoin?
Worldcoin, a prominent project aiming to differentiate humans from AI, is under scrutiny due to its biometric data collection methods. The project incentivizes users to submit their iris data in exchange for its native token, WLD. However, several countries have already banned such activities, raising concerns about its future.
Frequently Asked Questions
What are the risks of biometric data collection?
Biometric data collection can lead to privacy violations and data leakage, posing risks to national security.
Is Worldcoin banned in China?
While not explicitly named, Worldcoin’s operations are implied to be at risk due to China’s warning against biometric data collection.
Key Takeaways
- China cautions against crypto projects that scan for biometric data, citing a threat to national security.
- Worldcoin faces scrutiny as several countries have banned similar activities.
- Public vigilance is urged to report suspicious biometric data collection.
Conclusion
China’s warning against biometric data collection in crypto projects highlights significant national security concerns. As the landscape evolves, projects like Worldcoin may face increasing scrutiny and regulatory challenges. Staying informed is crucial for both investors and users in the crypto space.
Source: WLD/USDT, TradingView
Meanwhile, there have been several rumors about a new crypto ban on personal ownership, including Bitcoin. However, COINOTAG found zero evidence to verify these claims, suggesting that the coordinated fake news could have been a manipulation tactic aimed at driving prices lower.
At press time, BTC traded at $114K, about 7% down from recent highs above $120K.
Source: https://en.coinotag.com/china-warns-of-national-security-risks-linked-to-worldcoins-biometric-data-collection-efforts/