WORLDCOIN UNDER INVESTIGATION IN HONG KONG OVER DATA PRIVACY CONCERNS

Summary from the TLDR Crypto newsletter

Hong Kong's privacy watchdog, PCPD, has launched an investigation into iris-scanning cryptocurrency firm Worldcoin’s potential serious risks to personal data privacy. The probe will ascertain if Worldcoin has breached the Personal Data Privacy Ordinance. PCPD advises the public to consider the legitimacy and purpose of data collection before handing over biometric data. Worldcoin, whose token value recently dropped by more than 10%, rewards people with tokens in return for iris scans to prove their identity.