China's Ministry of State Security has issued a warning regarding the risks associated with the use of biometric data in cryptocurrency projects, raising concerns about personal information security.
Warning about Risks
On August 6, the Ministry of State Security published a message about potential threats associated with the use of biometric data by foreign firms. Specifically, it addressed cases where iris data is collected in exchange for tokens, representing a concern for both national security and personal privacy.
Issues with Worldcoin
While no specific company was named, the description closely resembles the practices of the Worldcoin project, which offers WLD tokens to users who verify their identity through iris scans. This has raised concerns in several countries, including Germany and France, where investigations into data collection methods and informed consent have already begun.
Market and Current Situation
As of August 6, the WLD token was trading at $0.93, down 4% in the past 24 hours. This warning highlights the growing clashes between innovations in digital identity and national security concerns across the globe.
The warning from China's Ministry of State Security suggests a need for stricter oversight of biometric data collection operations, especially in the context of cryptocurrency projects that may threaten citizen security.
