German Government Launches Worldcoin Probe - Crypto Casino, Crypto Coins, and Web 3.0
German government watchdog launched Worldcoin probe in November 2022: Report

Crypto Projects Draw Attention of Data Protection Supervision

The Bavarian State Office for Data Protection Supervision (BayLDA) has reportedly launched an investigation into crypto project Worldcoin due to concerns over biometric data. The probe began in November 2022.

Worldcoin, which uses retinal scans for identity verification, had over 2 million sign-ups prior to the launch of its token in July. BayLDA President Michael Will pointed out that the technologies used by the crypto project are not “established nor well analysed” for transferring financial information, thus potentially posing a risk to Worldcoin users.

The French National Commission on Informatics and Liberty has also expressed doubts about Worldcoin’s data collection methods, and the Information Commissioner’s Office in the UK has raised similar concerns. Tools For Humanity, the company behind Worldcoin, has a subsidiary in Germany, and the crypto project has been gaining traction amongst users in many countries.

Since the launch of the token in July, Worldcoin co-founder Sam Altman reported that a new person was “getting verified every 8 seconds” through iris scans around the world. Notable figures such as Ethereum co-founder Vitalik Buterin and Block CEO Jack Dorsey have already commented on the project, while many crypto users have highlighted the potential benefits of the project, including repaying those affected by the collapses of Three Arrows Capital and FTX crypto coins such as Circle Crypto,, Crypto Celsius, Chiliz Crypto and CRV Crypto.

Furthermore, the project has been linked to Web 3.0, also known as the Crypto Casino and Crypto Daily.

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