Worldcoin Project Halted: Hong Kong Privacy Commission Orders Cease Of Operations

Hong Kong’s Workplace of the Privacy Commissioner for Private Knowledge (PCPD) has served an enforcement discover to Worldcoin, a crypto mission co-founded by OpenAI’s CEO Sam Altman, asking them to stop operations. The decision concludes the investigation launched by the PCPD in January 2024.

Hong Kong Halts Worldcoin Actions

At first of the 12 months, Hong Kong’s PCPD introduced it might examine Worldcoin’s actions as they might pose a “risk to personal data privacy.”  The Privacy Commission investigated six Worldcoin amenities in Yau Ma Tei, Kwun Tong, Wan Chai, Cyberport, Central, and Causeway Bay.

PCPD’s Privacy Commissioner, Ada Chung Lai-ling, discovered that the crypto mission had damaged the Knowledge Safety Ideas (DPPs) concerning the gathering, retention transparency, information entry, and correction rights.

The Worldcoin mission scanned individuals’ iris to confirm their identification and obtain the mission’s native cryptocurrency, WLD.

In keeping with the statement, the investigation revealed that individuals have been required to permit sure organizations to gather their faces and iris photographs via iris scanning in an “unnecessary and excessive” method.

The mission confirmed that 8,302 people had their faces and irises scanned for verification throughout its operation in Hong Kong. PCPD argues that the mission collected private information “unfairly” as essential insurance policies weren’t out there in Chinese language:

Particularly, the related “Privacy Notice” and “Biometric Data Consent Form” weren’t out there in Chinese language, the iris scanning system operators on the working places additionally didn’t supply any rationalization or confirmed the individuals’ understanding of the aforesaid paperwork.

The Privacy Commission considers there was an absence of ample transparency for these utilizing the Chinese language-language model to grasp and consent to the related insurance policies.

Moreover, Hong Kong’s PCPD acknowledged that Worldcoin didn’t inform individuals of the dangers involving their disclosure of biometric information nor reply customers’ questions. Due to this fact, the mission contravened the Private Knowledge Privacy Ordinance (PDPO) as individuals didn’t have the “means to exercise their rights of data access and correction.”

Primarily based on this, the fee requested for the quick stop of the Worldcoin Basis’s operations involving scanning and gathering iris and face photographs of the general public utilizing iris scanning gadgets in Hong Kong.

International Scrutiny And New System

Hong Kong’s crackdown is considered one of many challenges confronted by Worldcoin worldwide. Since its announcement, the mission has confronted international regulatory scrutiny from international locations like Germany, France, and Kenya.

Amid the worldwide challenges, the Worldcoin Basis lately unveiled a brand new open-source system to deal with among the points raised by authorities. The brand new system permits the mission to undertake superior information safety measures to extra successfully “safeguard sensitive information.”

Via its safe multi-party computation (SMPC), Worldcoin has elevated the safety of the saved info by distributing the info via completely different places. Consequently, Worldcoin has deleted the iris codes obtained throughout person registration.

In the end, the brand new method goals to deal with considerations about delicate information storage, scale, and value limitations, decreasing the danger of safety breaches.

WLD is buying and selling at $5.05 within the weekly chart. Supply: WLDUSDT on TradingView

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