🇨🇳 Urgent Warning from China: Cryptocurrency projects that use eye scanning threaten national security and privacy!
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📈 The most important news:
* The Chinese Ministry of State Security has issued an official warning regarding a foreign company's practice of collecting users' iris data in exchange for cryptocurrency.
* The warning confirmed that the transfer of this sensitive data poses a threat to both individual privacy and the national security of the country.
* Although the project is not explicitly named, the description clearly refers to the Worldcoin project, which collects iris data on a global scale.
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💡 What does this mean?
* This warning highlights increasing regulatory concerns about how sensitive biometric data is collected and used, and how securely it is stored.
* This step is part of China's hardline stance towards cryptocurrencies that are not under state control, especially those dealing with citizens' data.
* This strict stance may lead to similar actions by other countries that have concerns about data privacy.
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❓ Do you think this Chinese warning is justified, and should there be international oversight on biometric data collection projects?
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