Worldcoin

<h4><strong>Hong Kong authorities have banned the Web3 project, Worldcoin, from operating in the country. </strong></h4> 
<p>The Hong Kong Office of the Privacy Commissioner for Personal Data (PCPD) claimed that Worldcoin violated the region’s privacy regulations.</p> 
<h5><strong>Worldcoin Under Fire: Hong Kong Regulators Step In</strong></h5> 
<p>Worldcoin is a crypto project that scans and collects users’s faces and iris images. The project has faced intense scrutiny and setbacks for its alleged privacy violations. Hong Kong’s regulators <a href="https://www.pcpd.org.hk/english/news_events/media_statements/press_20240522.html" target="_blank" rel="noopener">ordered</a> Worldcoin to cease all scanning operations of users within the city.</p> 
<p>Worldcoin has reportedly scanned 8,302 people for verification during its operation in Hong Kong. So, authorities claimed that some of the images and details collected by Worldcoin were unnecessary. In addition, regulators noted that some of these images were taken unfairly.</p> 
<p><img decoding="async" class="wp-image-141174 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/05/fhfgjhgkuku-300x269.jpg" alt="" width="515" height="462" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/05/fhfgjhgkuku-300x269.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/05/fhfgjhgkuku-469x420.jpg 469w, https://www.altcoinbuzz.io/wp-content/uploads/2024/05/fhfgjhgkuku.jpg 644w" sizes="(max-width: 515px) 100vw, 515px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://www.pcpd.org.hk/english/news_events/media_statements/press_20240522.html" target="_blank" rel="noopener">PCPD</a></strong></h6> 
<p>So, the PCPD began its investigation into Hong Kong early this year. The investigation sought to ascertain if Worldcoin’s data collection posed a risk to user privacy and public safety. PCPD officials conducted at least ten covert visits to six Worldcoin sites from December 2023 to January 2024. The findings showed that Worldcoin failed to provide detailed information. And the verification process did not support genuine consent.</p> 
<p>The investigation also claimed Worldcoin’s privacy notice was not written in Chinese. So, locals were unable to understand the company’s policies, terms, and conditions. The PCPD said in its report: “The iris scanning device operators at the operating locations also did not offer any explanation or confirm the participant’s understanding of the aforesaid documents. They also did not inform the participants of the possible risks pertaining to their disclosure of biometric data, nor answered their questions.”</p> 
<h5><strong>Regulatory Setbacks</strong></h5> 
<p>Hong Kong isn’t the only region to have expressed<a href="https://www.altcoinbuzz.io/cryptocurrency-news/spain-halts-worldcoins-data-collection-over-privacy-concerns/" target="_blank" rel="noopener"> concerns</a> about Worldcoin’s operations. Authorities in India paused iris scans, while Kenyan authorities suspended the project. Worldcoin isn’t available in the US due to regulatory concerns.</p> 
<p><img decoding="async" class="wp-image-141177 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/05/gfdgdfgh-194x300.jpg" alt="" width="399" height="617" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/05/gfdgdfgh-194x300.jpg 194w, https://www.altcoinbuzz.io/wp-content/uploads/2024/05/gfdgdfgh-272x420.jpg 272w, https://www.altcoinbuzz.io/wp-content/uploads/2024/05/gfdgdfgh.jpg 388w" sizes="(max-width: 399px) 100vw, 399px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/Coin_CRUXX/status/1772908664917049731" target="_blank" rel="noopener">X</a></strong></h6> 
<p>Despite these setbacks, Worldcoin has continued to expand, recently <a href="https://x.com/worldcoin/status/1788252806635212820" target="_blank" rel="noopener">moving</a> to Peru. The team has also struck new partnerships. And they also launched their Layer 2 platform on Ethereum.</p> 
<p><img decoding="async" class="alignnone size-full wp-image-123701" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1.jpg" alt="" width="1197" height="148" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1.jpg 1197w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-1068x132.jpg 1068w" sizes="(max-width: 1197px) 100vw, 1197px"></p> 
<p><iframe title="This Undervalued DePIN Altcoin Will Shock Crypto Markets" width="696" height="392" src="https://www.youtube.com/embed/mvpD8FNnK60?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></p> 
<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/hong-kong-stops-worldcoin-from-operating/">Hong Kong Stops WorldCoin From Operating</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Hong Kong Stops WorldCoin From Operating

Altcoin Buzz

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