Worldcoin has introduced an iris-scanning-based worldwide identification mechanism.
According to CMC, the token’s price has increased by 4.57% n the last 24 hours.
On Wednesday, the Kenyan Ministry of the Interior announced on its Facebook page that it had suspended activities of Worldcoin, while the country’s financial, security, and data protection services investigated the legality and data security of the project.
The Ministry stated:
“The Government is concerned by the ongoing activities of an organization calling itself ‘WORLD COIN’ which is involved in the registration of citizens through the collection of eyeball/iris data.”
Rising Criticism Over Data Collection
To verify the authenticity of its users, Worldcoin has introduced an iris-scanning-based worldwide identification mechanism. According to the project, this is likely to be very important in a future where AI-powered bots take part in economic activity. However, the signup procedure and the gathering of bio
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