Worldcoin's structure relies on scanning irises to link biometric data to identity on its blockchain, raising serious concerns over privacy and security among government regulators globally.
The company's chief privacy officer acknowledged that distrust in Worldcoin is expected, but their efforts to address regulatory concerns have thus far yielded minimal change, raising skepticism.
In multiple jurisdictions, Worldcoin's currency has faced suspensions, reflecting the significant unease about its operations and the vague nature of its intentions regarding biometrics.
While proponents argue for the project's noble aim of Universal Basic Income, the obscured privacy issues have led to rigorous scrutiny, inhibiting its acceptance in many regions.
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