Worldcoin (WLD) could face regulatory inquiries in UK

Following its recent launch, Worldcoin (WLD), a crypto project co-founded by OpenAI’s CEO Sam Altman, could be facing inquiries from the UK’s data regulator. 

The Information Commissioner’s Office (ICO), a body that focuses on data protection in the United Kingdom, revealed that it is planning to look into the Worldcoin project, according to a Reuters report from July 25. 

Worldcoin, which went live on Monday, July 24, has faced criticisms mainly due to its iris-scanning feature.

The project offers WLD coins to individuals who scan their irises. As stated on its website, the new orbs will be available in over 35 cities across more than 20 countries, with London among one such city. 

“We note the launch of WorldCoin in the UK and will be making further enquiries,” the Information Commissioner’s Office said.

Meanwhile, Worldcoin’s native token WLD, which was listed on several crypto exchanges, including Binance, Huobi, and OKX, will not be available to or accessed by residents in the United States or companies resident or incorporated in the country, meaning that the token will not be listed on Coinbase.