🇨🇳China issues a stern warning against #Worldcoin from Sam Altman over iris scanning! Is it a threat to national security? 🚨
The Asian giant has just made a move that is resonating throughout the ecosystem. The Ministry of State Security (MSS) of China has issued a strong warning against a foreign cryptocurrency company, identified as Worldcoin ($WLD ), co-founded by OpenAI's CEO, Sam Altman.
The reason is serious: they are accusing the company of collecting biometric data (iris scans) on a global scale under the pretext of issuing tokens, which, according to the government, poses a risk to national security and the privacy of personal data.
Despite the severity of the warning, the price of WLD has shown volatility, with a drop of 5.03% in the last 24 hours. This demonstrates that the markets are watching closely, but without a panic reaction. The token is trading at $0.94.
What does the community think?
* On one hand, there are those who see this as a necessary protection of privacy and security. How far are we willing to go for some tokens?
* On the other hand, there are those who believe it is a show of the government's heavy hand against decentralization and Web3 innovation.
This is a crucial battle for the future of cryptocurrencies. As digital identification and biometric data merge with blockchain technology, questions about privacy and security become more urgent than ever.
The Asian giant has just made a move that is resonating throughout the ecosystem. The Ministry of State Security (MSS) of China has issued a strong warning against a foreign cryptocurrency company, identified as Worldcoin ($WLD ), co-founded by OpenAI's CEO, Sam Altman.
The reason is serious: they are accusing the company of collecting biometric data (iris scans) on a global scale under the pretext of issuing tokens, which, according to the government, poses a risk to national security and the privacy of personal data.
Despite the severity of the warning, the price of WLD has shown volatility, with a drop of 5.03% in the last 24 hours. This demonstrates that the markets are watching closely, but without a panic reaction. The token is trading at $0.94.
What does the community think?
* On one hand, there are those who see this as a necessary protection of privacy and security. How far are we willing to go for some tokens?
* On the other hand, there are those who believe it is a show of the government's heavy hand against decentralization and Web3 innovation.
This is a crucial battle for the future of cryptocurrencies. As digital identification and biometric data merge with blockchain technology, questions about privacy and security become more urgent than ever.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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