Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to experience risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
French Privacy Watchdog Raises Concerns Over Worldcoin_s Data Collection_ Collaborating with Germany for Investigation
In an email on Friday, July 28, CNIL said: “The legality of this collection seems questionable, as do the conditions for storing biometric data.”
Worldcoin, co-founded by OpenAI’s Sam Altman, launched on June 24 with an ambitious plan to scan the irises of millions of people in 20 countries, granting them a “digital passport” called “World ID” and rewarding them with 25 WLD, the project’s native token
The aim is to provide individuals with a means to verify their humanity and distinguish themselves from robots as artificial intelligence becomes more influential.
However, concerns surrounding data privacy, security, and data collection have emerged, leading to investigations by CNIL, the French privacy watchdog
CNIL is also collaborating with the Baian state authority in Germany to address these issues associated with Worldcoin.
Worldcoin Faces Challenges Despite Attracting 2.1 Million Sign-Ups During Trial Period
Worldcoin’s website indicates they have amassed 2.1 million sign-ups during their two-year trial period. Since the official launch, the company proudly boasts on Twitter that a unique human verifies their World ID every 7.6 seconds, leading to daily records
They have shared photos of their orbs in cities like Seoul, Mexico City, and Paris since the launch on July 24.
Although a video shared by Co-founder Sam Altman showed people in Japan lining up to provide their iris scans in exchange for “free” Worldcoin (WLD) tokens, the company finds it hard attracting new sign-ups
Only about 200 people signed up on the first day at each of the three designated locations in Hong Kong, totaling 600.
While Altman claims strong consumer interest and “crazy lines around the world,” the numbers suggest a slow path to achieving mass adoption
However, Worldcoin has announced plans to significantly increase the number of orbs in significant cities as the year progresses, aiming to have five times more sign-up capacity.
Worldcoin’s Controversial Project Sparks Mixed Reactions and Draws Attention from Regulators
Worldcoin’s project has sparked mixed reactions within the crypto community. While some users have expressed concerns about its centralization, others view the proof-of-personhood as a necessary measure to address the growing presence of AI
The British Information Commissioner’s Office has confirmed that it is investigating the project, as organizations must conduct a Data Protection Impact Assessment for collecting “high-risk” information.
Even prominent figures in the crypto space, like Ethereum co-founder Vitalik Buterin, have raised alarms
Buterin warned that Worldcoin has “major issues,” particularly regarding the potential accidental exposure of sensitive personal information such as sex, ethnicity, and possibly medical conditions through iris scans.
In response to privacy concerns, Worldcoin stated its compliance with data protection laws, including the GDPR and the UK Data Protection Act
The company committed to cooperating with governing bodies regarding privacy and data protection inquiries. Worldcoin further mentioned conducting a comprehensive Data Protection Impact Assessment in the UK with the assistance of a top-tier law firm
Additionally, the company assured that it would ly address individual requests for deleting personal data.