Important collection restaurants
China warns against crypto projects that scan on biometric data, referring to a threat to national security. The Ministry of State Security urged the public to report such suspicious activities.
China has issued a warning against IRIS scanning and other projects for collecting personal data as a threat to national security.
In one rack On WeChat, the Chinese Ministry of State Security (MSS) has a veiled threat to Worldcoin [WLD]-As Iris Scan Operations. Read part of the translated message,
“A certain overseas company used the pretext of issuing cryptocurrency tokens to scan and collect the iris information of users worldwide, and then transferred the data source …”
The state added that face, fingerprint, iris, walking recognition and other important biometric identification technology crucial in the digital age.
However, they are also susceptible to privacy, data leakage and national security risks. As such, the ministry insisted on citizens to report suspicious biometric data collection to the National Security Agency.
Worldcoin –
Worldcoin is the most renowned project in the space that tries to distinguish people from AI bots in a post-agi (artificial general intelligence) era.
We already have DeepFake AI platforms such as Omnihuman, which get better every day.
With the expected proliferation of AI agents who do something, from shopping to travel assistants, it becomes more difficult to separate bots from real people.
That is what Worldcoin’s Humanity Layer wants to solve by scanning on unique human identifiers. To this end, the Wld project offered native token, as an incentive for users to submit their biometric data.
But various countries and jurisdictions have banned their scan activities, including Kenya, Brazil, Spain, Portugal and Hong Kong.
As such, although not directly aimed at Worldcoin, it could be an implicit warning and any similar crypto project.
That said, Wld 5% fell after the statement on 5 August. It was not clear whether the decline was bound by the Chinese update because there was also a broader sale for shares.
Source: Wld/USDT, TradingView
In the meantime, there have been several rumors about a new crypto ban on personal property, including Bitcoin [BTC].
Amcrypto found Zero proof to verify these claims. This suggested that the coordinated fake news could have been a manipulation tactics.
It could have been aimed at the lower of prices and offering discount prices for selected cryptocurrencies.
At the time of the press, BTC traded at $ 114k, about 7% lowered compared to recent highlights above $ 120K.