- The media has learned that a regulator in the UK is interested in the Worldcoin project. He is responsible for enforcing data security measures.
- Worldcoin Mainnet went live on July 24th. The platform offers verification and financial settlement services with confirmation in the form of a retina scan.
The UK Information Commissioner’s Office (ICO) will conduct its own investigation into the Worldcoin project, Reuters reports, citing a source at the agency.
“We are aware of the project’s launch and will be making inquiries,” the ICO said in a statement.
In a comment to Cointelegraph, an agency spokesperson declined to provide details. He emphasized that he could not share details before the investigation is publicly announced. The ICO’s interest in the project was not denied, but it was not confirmed either.
It should be noted that the regulator is overseeing compliance with the data security measures. That said, Worldcoin has already faced criticism precisely because of possible leaks of personal information, the publication noted.
The project’s mainnet went live on July 24. Sam Altman, the founder of the development company, positions the platform as a global universal tool for working with crypto-assets.
Already at the stage of launching the network, the idea caused mixed reactions in the community. In particular, Vitalik Buterin, one of the creators of the Ethereum blockchain, pointed out the potential risks of Worldcoin.. From his words, it is not possible to check the reliability of Ord’s hardware device as well as the company’s data storage.