foreign crypto firm iris data

Key Points:* China’s MSS warns against foreign firm’s global iris data collection.

• National security and privacy risks raised by biometric technology.
• Worldcoin’s WLD token under scrutiny due to privacy concerns. China’s Ministry of State Security issued a warning on August 6th about a foreign company collecting iris data globally under the guise of cryptocurrency token issuance, posing national security risks.

The advisory highlights privacy concerns, implicating Worldcoin’s iris data collection for tokens, unsettling markets amid heightened scrutiny of biometric data protection and global regulatory responses.

Worldcoin Faces Chinese Backlash Over Biometric Data Collection

The MSS publicly cautioned against the practices of a foreign entity identified as the World Network, also known as Worldcoin. The company, co-founded by prominent figures including OpenAI’s CEO Sam Altman, allegedly collects iris data for cryptocurrency distribution. The biometric collection has sparked concerns over national security and personal data privacy.

Privacy concerns are being heightened as authorities assess the implications of technology that captures, stores, and analyzes biometric data. While the MSS’s statement has not disclosed new developments from Worldcoin, existing tensions with data localization laws are prominent. For more context, China’s recent Centralized Internet ID System emphasizes digital identity and strict data localization.

“A foreign company used the issuance of cryptocurrency tokens as a pretext to scan and collect iris data from users worldwide, posing a threat to personal information security and even national security.” — Ministry of State Security (MSS), Chinese Government

Market reactions remain subdued with no official responses from major figures including Sam Altman. Cryptocurrency community members and government bodies observe the situation closely, reflecting the far-reaching implications of crypto-based biometric initiatives.

Worldcoin’s WLD Token Volatility Amid Privacy Scrutiny

Did you know? China’s latest warning is part of broader concerns, as several countries like France and Kenya have previously examined Worldcoin’s operations for potential privacy violations.

CoinMarketCap data for August 6th shows Worldcoin (WLD) at $0.94, with a market cap of 1,726,745,263 and day trading volume of 209,306,046, reflecting a 36.16% surge. Recent pricing trends indicate a 5.03% decline over the past 24 hours.

Worldcoin(WLD), daily chart, screenshot on CoinMarketCap at 02:32 UTC on August 6, 2025. Source: CoinMarketCap The Coincu Research Team emphasizes potential regulatory impacts as countries reevaluate digital identification practices. While Worldcoin’s WLD token sees price fluctuations, the demand for clearer privacy protocols persists. According to the 2025 Crypto Crime Report by Chainalysis, these investigations could redefine the balance between cryptocurrency innovation and security regulations.

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