Worldcoin, a cryptocurrency project founded by OpenAI’s Sam Altman, has come under intense scrutiny from regulators and privacy advocates worldwide.
The project, which aims to create a universal basic income by distributing tokens to individuals in exchange for biometric data (specifically, iris scans), has been criticized for its potential risks to personal privacy and data security.
Several countries, including France and Germany, have launched investigations into the project’s practices, questioning the ethics and legality of collecting sensitive biometric information.
Despite the backlash, Worldcoin continues to expand its operations, arguing that its technology could help bridge the global wealth gap and provide financial access to underserved populations. However, the controversy has sparked a broader debate about the balance between innovation and privacy in the rapidly evolving crypto landscape.
