China Red-Flags Iris-Scanning Crypto Ventures as National Security Threat – Privacy or Paranoia?

Beijing draws a hard line on biometric blockchain projects, citing 'unacceptable risks' to state stability. The move sends shockwaves through decentralized identity circles.

Eyeing the crackdown

Authorities slammed iris-authenticated digital assets as potential backdoors for foreign surveillance. No specific projects were named—but privacy coins with biometric layers just got radioactive in the mainland.

Security theater or legit threat?

While regulators harp on data sovereignty, crypto builders whisper about kneecapping competitors. After all, nothing tanks adoption like a surprise national security investigation (except maybe another Celsius-style collapse).

The clampdown reveals China's endgame: total oversight of all value transfer layers. Forget 'not your keys'—soon it might be 'not your irises, not your crypto.' Unless you're a state-approved blockchain, of course—those get VIP treatment and zero scrutiny.

Worldcoin Token  Price Drops Amid Security Warning

As of August 6, Worldcoin’s WLD token is trading at $0.93, down 4% in the last 24 hours, according to CoinMarketCap. The platform tracks real-time prices, market caps, and trading volumes for thousands of cryptocurrencies.

The warning highlights growing global clashes between tech innovation in digital identity systems and national security concerns. Governments and institutions worldwide are increasingly becoming alert about how citizens’ biometric data is collected, stored, and transferred. 

Also Read: OpenAI Ends ChatGPT Sharing Feature After Privacy Concerns