Chinese authorities have issued a new warning regarding threats associated with foreign cryptocurrency projects, focusing on the gathering of user data.
Chinese Authorities' Warning
The Ministry of State Security (MSS) has warned about a foreign company collecting and transferring users' iris information worldwide in exchange for cryptocurrencies. This raises concerns regarding personal privacy and national security.
Suspicions Around Worldcoin
Although the specific company was not named, the warning was interpreted as a nod towards Worldcoin, a project backed by OpenAI CEO Sam Altman. Formerly known as Worldcoin, the project aims to provide a reliable means of identity verification using a spherical iris scanner.
Privacy Risks
The MSS emphasized that the collection and transfer of biometric data by foreign companies could pose serious risks to user security and the integrity of national data.
The escalating situation regarding cryptocurrencies in China highlights the importance of protecting personal information and raising awareness among citizens about potential risks associated with new technologies.
