British regulator to inspect Worldcoin project

Britain's Information Commissioner's Office (ICO) to review Worldcoin project

Britain's Information Commissioner's Office (ICO) will request data on cryptocurrency Worldcoin

Britain's Information Commissioner's Office (ICO) said it will inspect Worldcoin (WLD), a project by OpenAI chief executive Sam Altman, who developed ChatGPT, Reuters writes.

"We are paying attention to the launch of Worldcoin in the UK and will make further inquiries," an ICO spokesperson explained.

On July 24, Worldcoin developers held an airdrop (free giveaway) of eponymous tokens to World App users. Cryptocurrency exchanges such as Binance, OKX, Bybit, Huobi, and others opened trading in the token under the WLD ticker shortly after its appearance.

Tokens for iris. What are the chances of the new project of the creator of ChatGPT?

Worldcoin scans people's eyeballs with the Orb device, a reflective metal ball that records information about a person's iris in the form of a cryptographic code. Everyone who has been scanned will receive periodic subsidies in WLD tokens, the creators of the project position this as a form of universal basic income.

• Investors' worries. What will happen to Bitcoin in the coming week
• U.S. DOJ to strengthen crypto crime team
• Bankman-Fried's brother wanted to buy Nauru island with FTX clients' money
• ASUS NUC ROG arrives
• FTX sues Bankman-Fried for $1 billion in damages
• SEC says plans to appeal court ruling in Ripple case