After its recent release, Worldcoin (WLD), a cryptocurrency project co-founded by Sam Altman, CEO of OpenAI, might come under scrutiny from the UK’s data regulator. The Information Commissioner’s Office (ICO), responsible for data protection in the United Kingdom, has announced its intention to investigate the Worldcoin project, as reported by Reuters on July 25.
Worldcoin launched on Monday, July 24, but it has received criticism primarily due to its iris-scanning feature. The project rewards individuals with WLD coins for scanning their irises. The initiative plans to introduce these tokens, called “orbs,” in more than 35 cities across 20 countries, with London being one of them.
The Information Commissioner’s Office stated that they are aware of Worldcoin’s launch in the UK and will conduct further inquiries into the matter.
Additionally, Worldcoin’s native token WLD has been listed on several cryptocurrency exchanges, including Binance, Huobi, and OKX. However, it won’t be accessible to residents or companies based in the United States, and as a result, it will not be listed on Coinbase.