The Ministry of Security in China has alerted the public about the growing risks linked to cryptocurrencies that offer tokens in exchange for eye scans.
Data Security Threat
The ministry claims a foreign company is offering cryptocurrency tokens in exchange for eye scans, raising serious concerns about privacy, data safety, and national security. Officials assert that this is not just a personal risk, but a potential threat to the nation’s intelligence.
Worldcoin's Involvement in Controversy
The project in question is likely Worldcoin, a cryptocurrency that verifies users through eye scans using a device called the Orb. Once verified, users receive a 'World ID' to prove they are human online in exchange for cryptocurrency. Critics label this as risky, and several countries like Brazil have already banned the project due to the sensitive information being collected without clear user consent.
Risks of Biometric Usage
Iris data is unique like a fingerprint and cannot be changed. If someone steals such data, it is permanent; making it valuable for foreign spies or hackers. The ministry warns that some foreign groups may be using crypto projects as a cover to gather detailed biometric information on individuals globally.
Iris scan crypto technology may seem promising, but it poses real threats to individual privacy and national security. It is important to be wise about personal data.
