The Worldcoin Basis expressed disappointment over Hong Kong authorities’ choice to ban its information assortment efforts resulting from alleged privateness violations, in line with a Could 23 assertion shared with CryptoSlate.
On Could 22, Hong Kong’s Workplace of the Privateness Commissioner for Private Information (PCPD) halted Worldcoin’s information assortment actions within the area.
The PCPD claimed that Worldcoin’s assortment of facial and iris photos from over 8,000 Hong Kong residents was each pointless and extreme. Moreover, the regulator accused Worldcoin of failing to supply enough data to customers, thus compromising their capacity to offer knowledgeable consent.
Lawful operation
A spokesperson for Worldcoin affirmed the mission’s dedication to authorized compliance, together with adherence to Hong Kong’s Private Information Ordinance and comparable laws worldwide.
The spokesperson additional emphasised that Worldcoin goals to set excessive requirements for privateness safety in preparation for the AI period. The mission achieves this via minimal information assortment, consumer management over information, superior technological measures like private information custody, iris code choice, and safe multi-party computation.
Consequently, Worldcoin expressed disappointment that the Hong Kong regulators failed to contemplate these privateness developments earlier than imposing a ban on the mission.
In the meantime, Worldcoin’s dissatisfaction mirrors its response to Spain’s information safety company, which additionally blocked information assortment efforts from the Sam Altman-backed firm. Whereas Worldcoin hinted at potential authorized motion towards Spain, it didn’t specify whether or not it will pursue comparable measures towards Hong Kong.
WLD worth down
The continuing controversy surrounding the mission in Hong Kong has led to important losses for the WLD token.
WLD is amongst CryptoSlate’s largest losers for Could 23, dropping about 5% prior to now 24 hours to $4.86 as of press time.
This decline mirrors a broader market development, with main digital property similar to Solana and BNB additionally seeing losses exceeding 2% throughout the identical interval.