CryptoSpiel.com
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Live ICO
  • Exchange
  • Crypto News
  • Bitcoin
  • Altcoins
  • Blockchain
  • Regulations
  • Trading
  • Scams
  • Home
  • Live Crypto Prices
  • Live ICO
  • Exchange
  • Crypto News
  • Bitcoin
  • Altcoins
  • Blockchain
  • Regulations
  • Trading
  • Scams
No Result
View All Result
CryptoSpiel.com
No Result
View All Result

Worldcoin ‘disappointed’ with Hong Kong ban as WLD drops 5%

May 23, 2024
in Regulations
Reading Time: 2 mins read
A A
0
Worldcoin ‘disappointed’ with Hong Kong ban as WLD drops 5%
0
SHARES
8
VIEWS
ShareShareShareShareShare

RELATED POSTS

SEC fight over tokenized stocks could decide whether Wall Street keeps control

Brutal Regulatory Crackdown Will Hit Crypto Without CLARITY, Warns Coin Center

SEC Chair Atkins just confirmed shock $68T timeline for tokenized markets that leaves legacy infrastructure dangerously exposed

The Worldcoin Foundation expressed disappointment over Hong Kong authorities’ decision to ban its data collection efforts due to alleged privacy violations, according to a May 23 statement shared with CryptoSlate.

On May 22, Hong Kong’s Office of the Privacy Commissioner for Personal Data (PCPD) halted Worldcoin’s data collection activities in the region.

The PCPD claimed that Worldcoin’s collection of facial and iris images from over 8,000 Hong Kong residents was both unnecessary and excessive. Additionally, the regulator accused Worldcoin of failing to provide adequate information to users, thus compromising their ability to give informed consent.

Lawful operation

A spokesperson for Worldcoin affirmed the project’s commitment to legal compliance, including adherence to Hong Kong’s Personal Data Ordinance and similar regulations worldwide.

The spokesperson further emphasized that Worldcoin aims to set high standards for privacy protection in preparation for the AI era. The project achieves this through minimal data collection, user control over data, advanced technological measures like personal data custody, iris code selection, and secure multi-party computation.

Consequently, Worldcoin expressed disappointment that the Hong Kong regulators failed to consider these privacy advancements before imposing a ban on the project.

Meanwhile, Worldcoin’s dissatisfaction mirrors its reaction to Spain’s data protection agency, which also blocked data collection efforts from the Sam Altman-backed company. While Worldcoin hinted at potential legal action against Spain, it did not specify whether it would pursue similar measures against Hong Kong.

WLD price down

The ongoing controversy surrounding the project in Hong Kong has led to significant losses for the WLD token.

WLD is among CryptoSlate’s biggest losers for May 23, dropping about 5% in the past 24 hours to $4.86 as of press time.

This decline mirrors a broader market trend, with major digital assets such as Solana and BNB also seeing losses exceeding 2% during the same period.

Mentioned in this article
Latest Alpha Market Report

Credit: Source link

Buy JNews
ADVERTISEMENT
ShareTweetSendPinShare
Previous Post

Crypto Trader Books 735,800% Profit on Large-Cap Memecoin That’s Just Hit New All-Time High: On-Chain Data

Next Post

IntoTheBlock Analyzes USDT Across Various Blockchain Deployments

Related Posts

SEC fight over tokenized stocks could decide whether Wall Street keeps control
Regulations

SEC fight over tokenized stocks could decide whether Wall Street keeps control

April 7, 2026
Brutal Regulatory Crackdown Will Hit Crypto Without CLARITY, Warns Coin Center
Regulations

Brutal Regulatory Crackdown Will Hit Crypto Without CLARITY, Warns Coin Center

March 30, 2026
SEC Chair Atkins just confirmed shock $68T timeline for tokenized markets that leaves legacy infrastructure dangerously exposed
Regulations

SEC Chair Atkins just confirmed shock $68T timeline for tokenized markets that leaves legacy infrastructure dangerously exposed

December 8, 2025
Next Post
Blockchain Analytics to Help Curb Crypto Misuse, Says HashCash CEO

IntoTheBlock Analyzes USDT Across Various Blockchain Deployments

Vaneck Introduces Meme Coin Tracking With ‘MEMECOIN’ Index

QCP Capital Predicts 60% Rally With Imminent US Approval of Spot Ethereum ETFs

Recommended Stories

SEC fight over tokenized stocks could decide whether Wall Street keeps control

SEC fight over tokenized stocks could decide whether Wall Street keeps control

April 7, 2026
Treasury Proposes Stablecoin AML Rules as Bessent Vows to Protect US Financial System – Crypto News Bitcoin News

Treasury Proposes Stablecoin AML Rules as Bessent Vows to Protect US Financial System – Crypto News Bitcoin News

April 8, 2026
Bitcoin Addresses Holding Between 100 and 10,000 BTC Hit a 7-Week High

Anthropic Reveals Claude Code Tool Design Philosophy Behind AI Agent Development

April 10, 2026

Popular Stories

  • Four Crypto Projects Are Making Huge Progress Despite Sideways Markets, According to Trader Aaron Arnold

    Four Crypto Projects Are Making Huge Progress Despite Sideways Markets, According to Trader Aaron Arnold

    0 shares
    Share 0 Tweet 0
  • Kraken’s Jesse Powell Warns of Looming Government Crackdown on Bitcoin and Crypto Assets

    0 shares
    Share 0 Tweet 0
  • Gensler says SEC can consider tailoring rules for crypto industry compliance

    0 shares
    Share 0 Tweet 0
  • SSV Network brings us Ethereum Staking with its New Permisionless Mainnet

    0 shares
    Share 0 Tweet 0
  • Central Reserve Bank: Only 1.1% of Remittances Involve Cryptocurrency in El Salvador

    0 shares
    Share 0 Tweet 0
CryptoSpiel.com

This is an online news portal that aims to provide the latest crypto news, blockchain, regulations and much more stuff like that around the world. Feel free to get in touch with us!

What’s New Here!

  • Ripple CEO Says CLARITY Act Talks Near Breakthrough as Senate Standoff Eases
  • SEC Opens Proceedings on NYSE Proposal to List Grayscale Crypto ETF Options – Regulation Bitcoin News
  • Anthropic Reveals Claude Code Tool Design Philosophy Behind AI Agent Development

Subscribe Now

Loading
  • Live Crypto Prices
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 - cryptospiel.com - All rights reserved!

No Result
View All Result
  • Home
  • Live Crypto Prices
  • Live ICO
  • Exchange
  • Crypto News
  • Bitcoin
  • Altcoins
  • Blockchain
  • Regulations
  • Trading
  • Scams

© 2021 - cryptospiel.com - All rights reserved!

Please enter CoinGecko Free Api Key to get this plugin works.