Hong Kong’s Privacy Watchdog Raids Worldcoin Premises Over Iris Scan Data Concerns

Hong Kong’s Privacy Watchdog Raids Worldcoin Premises Over Iris Scan Data Concerns

In a surprising move, Hong Kong’s Personal Data Privacy Commission (PCPD) recently conducted raids on six premises belonging to Worldcoin, a cryptocurrency initiative co-founded by Sam Altman. The reason behind the raids was suspicions that Worldcoin’s collection of sensitive personal data, specifically iris scans for identification purposes and token earning, may be in violation of the city’s Personal Data Privacy Ordinance.

The PCPD’s investigation into Worldcoin was initiated on its own accord, rather than in response to a specific complaint. This proactive approach has sparked a range of reactions from the public – while some view the move as a necessary step to protect individuals’ privacy, others are concerned that it may deter cryptocurrency platform players from operating in Hong Kong.

The use of facial recognition and iris scans for identity verification in cryptocurrency platforms is not uncommon, but Worldcoin’s practice of rewarding users with coins in exchange for their iris information appears to have raised red flags for the PCPD. This incident may also shed light on the authorities’ future approach to data privacy, especially in light of proposed legislative amendments to Hong Kong’s privacy laws.

The Personal Data Privacy Ordinance, which was first passed in 1995, has only seen two major amendments in recent years. Many believe that the current ordinance is outdated and in need of revisions to address new data privacy challenges and public concerns. Some of the proposed changes include the introduction of a mandatory data breach notification mechanism, stricter data retention policies, and direct regulation of data processors.

As the PCPD looks into data protection laws in other jurisdictions, comparisons with Mainland China’s stringent data protection and cybersecurity regulations are expected. China’s regulatory framework is known for being more advanced, and Hong Kong may look to align its privacy laws with those of its neighboring country.

Overall, the raids on Worldcoin’s premises have sparked a debate on data privacy and the need for stronger regulations in Hong Kong’s cryptocurrency industry. It remains to be seen how this incident will impact the future of data protection in the city.