China Flags Worldcoin’s Iris Scanning as a National Security Risk—Crypto’s Privacy Trade-Off Under Fire
Beijing draws a hard line on biometric data collection—crypto’s latest privacy paradox just got geopolitical.
The Eye of the Storm
China’s regulators slammed Worldcoin-style iris scanning as a potential threat to national security, escalating global scrutiny over crypto projects harvesting sensitive biometric data. No numbers minced—just a stark warning to an industry already wrestling with trust deficits.
Privacy vs. Progress?
While blockchain evangelists pitch decentralized ID as the future, authoritarian regimes see a backdoor for surveillance—or a vulnerability to exploit. Worldcoin’s orb-powered ambitions now face the ultimate stress test: surviving a superpower’s veto.
Cynic’s Corner
Another day, another crypto project learning the hard way that when governments say ‘jump,’ the market asks ‘how high?’—right after checking the token price impact.