France and Germany Jointly Investigate Worldcoin’s Data Collection Methods, with Focus on Iris Scanning
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Data Regulators Investigating Worldcoin’s Data Collection Methods
Data regulators in France and Germany are currently conducting a joint investigation into Worldcoin’s data collection methods, paying particular attention to its use of iris scanning technology.
Worldcoin Under Regulatory Scrutiny in the European Union
Worldcoin, a cryptocurrency platform, is facing strict regulatory scrutiny in the European Union as the company’s Paris office undergoes investigation by France’s data protection regulator, CNIL.
Concerns Surrounding Worldcoin’s Data Collection Methods
CNIL raised concerns about Worldcoin’s data collection methods in July, specifically focusing on the platform’s collection of iris scans for digital identifiers. The investigation aims to determine if these methods comply with the European Union’s General Data Protection Regulation (GDPR).
Worldcoin Welcomes Discussions About Its Technology
Despite the ongoing investigation, Worldcoin, which includes notable co-founders like OpenAI CEO Sam Altman, has publicly welcomed discussions about its technology. However, CNIL’s actions suggest that the EU is prepared to enforce data protection rules rigorously.
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Collaborative Effort for Consistent Data Protection Standards
CNIL is not the only authority investigating Worldcoin. The Bavarian data protection authority has joined forces with CNIL, emphasizing the importance of consistent data protection standards internationally.
Controversy Surrounding Worldcoin’s Iris Scans
Worldcoin has faced controversy due to its requirement for users to provide iris scans to obtain digital identifiers and, in some cases, alternative cryptocurrencies. The platform has reported over 2.1 million registrants, mostly acquired during trials over the past two years.
“The Worldcoin team welcomes any opportunity to respond to questions regarding the project’s purpose and technology.”
The Worldcoin Foundation told Reuters
A Crucial Test for Worldcoin and the Cryptocurrency Industry
The ongoing investigation serves as a critical test for Worldcoin, which prioritizes security. Its ability to align its data handling practices with the EU’s strict legal frameworks will not only shape the platform’s future but also potentially set a benchmark for the entire cryptocurrency industry.
