Hong Kong Regulator Cracks Down on Worldcoin, Cites Privacy Concerns

Worldcoin's iris scanning and identification operations contravene Hong Kong's data protection principles, the Privacy Commissioner for Personal Data (PCPD) said Wednesday.

"The Privacy Commissioner has served an enforcement notice on Worldcoin Foundation, directing it to cease all operations of the Worldcoin project in Hong Kong in scanning and collecting iris and face images of members of the public using iris scanning devices," PCPD said in its statement.

Worldcoin's token WLD has dropped 1.2% over 24 hours to $5.01, according to CoinGecko data.

The commission, an independent statutory body, started an investigation into into the iris biometric cryptocurrency project in December following privacy concerns. It carried out 10 visits between December 2023 to January 2024 across six premises that were involved in the operation of the project.

"Worldcoin confirmed that there were 8,302 individuals with their faces and irises scanned for verification during its operation in Hong Kong," the statement said.

The project, which has come under scrutiny from legislators across the world, has also been suspended in Kenya owing to privacy concerns.

Source: CoinDesk