China’s Ministry of National Security (MSS) has warned of the national security threat posed by the misuse of biometric data, singled out foreign companies that encourage iris scans with cryptocurrencies, what appears to be a thinly veiled reference to WorldCoin via posts on their official WECHAT accounts.
In the post, MSS described a case in which foreign companies offered crypto token rewards to scan iris of users around the world.
The company later transferred biometric data overseas, raising concerns about both the privacy of personal data and national security. The company is not named, but this description closely coincides with WorldCoin, a Crypto project co-founded by Openai CEO Sam Altman, who exchanges tokens for IRIS scans to build a global identity network.
The project is already facing regulatory pushbacks in Germany, France and Kenya, Coindesk previously reported, where concerns have been raised about informed consent, data storage and potential monitoring.
Beijing’s recommendations go further, with other cases where stolen face data allegedly being used by foreign intelligence reporting agencies have been used for deep identity, allowing spies to enter safe places.
WorldCoin’s WLD Token is down 93 cents, or 4%, according to Coindesk Market data.
Read more: Sam Altman’s World Network in Meeting with Visa for Stablecoin Payments Wallet: Source
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