South Korea’s Personal Information Protection Commission has opened an investigation into World Currency after receiving complaints about the project’s collection of personal information, including when scanning people’s irises in exchange for cryptocurrency.
The authority said in a Press release on Monday he will examine World Currency WLD
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The commission added that Worldcoin collected information on people’s faces and irises in ten locations across South Korea on Monday.
The privacy watchdog previously imposed fined OpenAI 3.6 million Korean won ($2,703) last year after it was discovered that personal information belonging to 687 South Korean citizens had been leaked via ChatGPT. Worldcoin was co-founded by Sam Altman, CEO of OpenAI.
Worldcoin, the identity-focused crypto project, uses an Orb device to scan people’s irises for verification. In exchange for signing up to the protocol, participants receive WLD tokens. Other jurisdictions have also expressed concerns about Worldcoin’s unconventional listing process, with Hong Kong being the most recent example.
Worldcoin price fell 4.18% over the past 24 hours to $7.99 on Monday afternoon in Asia, according to The block price page.
Worldcoin did not immediately respond to The Block’s request for comment.
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