Informative Insights

Is This The Beginning of Worldcoin Regulatory Scrutiny?

France’s CNIL started to raise concerns over the legality of Worldcoin’s data collection methods involving iris scans.

OpenAI, the company behind the artificial intelligence chatbot, ChatGPT, has recently entered the cryptocurrency market with Worldcoin. This initiative, which uses iris scanning for user identification, is now being questioned by the French National Commission on Informatics and Liberty (CNIL), according to Reuters:

Despite these figures, Worldcoin’s data collection and storage practices have raised concerns. CNIL, in particular, has expressed doubts over the legality of Worldcoin’s methods and the conditions of biometric data storage.

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In response, CNIL has begun investigations and is collaborating with the Bavarian state authority in Germany on their investigation into Worldcoin.

Even across the English Channel, U.K. regulators have started looking into Worldcoin as well, according to Reuters:

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