A worldcoin, a project that promeyour digital identity and cryptocurrencies through iris scanning, faces mounting regulatory hurdles in its race to angariar users.
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Despite setbacks such as seizures at six “orbital verification sites” (as the startup describes it) in Hong Kong and investigations in Germany and Argentina, Worldcoin maintains its ambition and seeks partnerships with technology heavyweights such as OpenAI.
But the path of Worldcoin, controlled by the company Tools for Humanity, is full of questioninformation on data privacy. One ban in Kenya and recent prohibitions in Spain and Portugal on collecting data from minors, who could obtain a “World Identity” based on blockchain, demonstrate the caution of authorities. Add to this the restriction on trading the WLD token (from Worldcoin) for American participants due to regulatory fears.
Worldcoin needs to deal with these obstacles to move forward with its ambitious plan.
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