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China Flags Cryptocurrency-Linked Biometric Data Collection as National Security Risk
China Flags Cryptocurrency-Linked Biometric Data Collection as National Security Risk
24
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BTCCSquare news:
China's Ministry of State Security has raised alarms over a foreign entity's practice of exchanging cryptocurrency rewards for iris scans, labeling it a threat to national security. The operation, reminiscent of the controversial Worldcoin project, allegedly collects biometric data across multiple countries without explicit user consent.
Authorities highlight the dual risks of privacy erosion and sovereign data vulnerability, as sensitive information flows offshore. The warning follows regulatory actions in Indonesia and Shenzhen, where similar platforms faced scrutiny over licensing and fraudulent investment claims.
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