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China Labels Worldcoin-Style Biometric Crypto Projects as ‘Security Threats’
The Chinese Ministry of State Security (MSS) has issued a warning against iris-scanning and other personal data collection projects, labeling them as a threat to national security. This move could have significant implications for the global cryptocurrency market, particularly for projects that rely on biometric data for their operations.
In a statement published on WeChat, the Chinese government stated that certain overseas companies are using the guise of issuing cryptocurrency tokens to collect users’ iris information worldwide and then transfer the data source. The authorities emphasized that such activities pose significant risks to privacy, data leakage, and national security.
The warning seems to be aimed at Worldcoin-style projects, which use biometric data collection as a means of verifying human identity and distinguishing between humans and AI bots in a post-AGI (artificial general intelligence) era. The project has faced criticism from several countries and jurisdictions, with some banning its scanning activities altogether.
The Chinese government’s stance could have far-reaching implications for Worldcoin’s expansion plans in Asia. Although the statement does not explicitly name Worldcoin or any other specific project, it is likely that this warning will impact the company’s growth prospects in China and potentially beyond.
It remains to be seen how the cryptocurrency market reacts to this development.
Source: ambcrypto.com
