China Raises Concerns Over World Token’s Biometric Data Collection and Potential Privacy Risks

Key Points

1. China’s Ministry of State Security (MSS) issued a warning about the risks of biometric data collection by crypto firms, citing significant threats to personal privacy and national security.

2. The warning specifically referenced an unidentified overseas project, likely Sam Altman’s World, which collects iris data in exchange for its WLD token and operates in 160 countries (excluding China).

3. Biometric data leaks, such as iris recognition, are deemed irreversible and highly vulnerable to misuse, making them a critical security concern.

4. Vitalik Buterin proposed a pluralistic digital ID system to protect privacy, criticizing rigid, trackable IDs and 'proof of wealth' methods for favoring the wealthy.

5. The MSS emphasized the need for caution when providing biometric data, underscoring the potential for malicious exploitation by unauthorized entities.