China warns of foreign crypto firm’s iris data collection threat

On August 6th, China’s Ministry of State Security cautioned that a foreign firm, Worldcoin, is collecting global iris data under the guise of cryptocurrency token distribution, raising significant privacy and national security concerns.

Worldcoin’s WLD token is currently priced at 0.94 USD, with a market cap of 1.73 billion USD. Stakeholders in the cryptocurrency community are closely observing the implications of these developments on digital identification and regulatory frameworks.