• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

Ethereum Is Dying… Or Is This the Biggest Buy Signal of the Decade?

2026-01-01

🔥 I’m Putting My A$$ on the Line: My Bold 2026 Predictions 🎯

2025-12-31

Bitcoin Investors…What to Expect in 2026

2025-12-31

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    Bitcoin Just Hit an All-Time High. Nobody Cares

    2025-09-11

    All Eyes on Art: Upcoming Collections to Watch the Week of May 27

    2025-09-11

    Bitcoin Vegas Belongs to the Suits Now

    2025-09-11

    NFC Summit Lisbon Founder on Evolving the Event and Weathering the Market

    2025-09-11

    All Eyes on Art: Upcoming Collections to Watch the Week of June 3

    2025-09-10
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    Changelly Partners With Transak to Streamline Buying Crypto

    2025-12-30

    What is SocialFi and How Is It Changing Social Media?

    2025-12-20

    What Is PayFi? The Simple Guide to Payment Finance and Web3 Banking

    2025-12-19

    What Is TradFi? A Beginner’s Guide to Traditional Finance

    2025-12-18

    Spot Key Trends, Top Sectors, and Early Market Signals

    2025-12-17
  • Videos

    Ethereum Is Dying… Or Is This the Biggest Buy Signal of the Decade?

    2026-01-01

    🔥 I’m Putting My A$$ on the Line: My Bold 2026 Predictions 🎯

    2025-12-31

    Bitcoin Investors…What to Expect in 2026

    2025-12-31

    It Was A Very Bad Year (Bitcoin 2025)

    2025-12-31

    OCTA: 🚨 Record Sell-Off! Capitulation or Reversal?

    2025-12-30
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Regulation»Worldcoin ‘disappointed’ with Hong Kong ban as WLD drops 5%
Regulation

Worldcoin ‘disappointed’ with Hong Kong ban as WLD drops 5%

2024-05-23No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Worldcoin ‘disappointed’ with Hong Kong ban as WLD drops 5%
Share
Facebook Twitter LinkedIn Pinterest Email

The Worldcoin Foundation expressed disappointment over Hong Kong authorities’ decision to ban its data collection efforts due to alleged privacy violations, according to a May 23 statement shared with CryptoSlate.

On May 22, Hong Kong’s Office of the Privacy Commissioner for Personal Data (PCPD) halted Worldcoin’s data collection activities in the region.

The PCPD claimed that Worldcoin’s collection of facial and iris images from over 8,000 Hong Kong residents was both unnecessary and excessive. Additionally, the regulator accused Worldcoin of failing to provide adequate information to users, thus compromising their ability to give informed consent.

Lawful operation

A spokesperson for Worldcoin affirmed the project’s commitment to legal compliance, including adherence to Hong Kong’s Personal Data Ordinance and similar regulations worldwide.

The spokesperson further emphasized that Worldcoin aims to set high standards for privacy protection in preparation for the AI era. The project achieves this through minimal data collection, user control over data, advanced technological measures like personal data custody, iris code selection, and secure multi-party computation.

Consequently, Worldcoin expressed disappointment that the Hong Kong regulators failed to consider these privacy advancements before imposing a ban on the project.

Meanwhile, Worldcoin’s dissatisfaction mirrors its reaction to Spain’s data protection agency, which also blocked data collection efforts from the Sam Altman-backed company. While Worldcoin hinted at potential legal action against Spain, it did not specify whether it would pursue similar measures against Hong Kong.

WLD price down

The ongoing controversy surrounding the project in Hong Kong has led to significant losses for the WLD token.

See also  Stablecoins USDC and EURC Now Compliant With European Union’s MiCA, Says Circle CEO Jeremy Allaire

WLD is among CryptoSlate’s biggest losers for May 23, dropping about 5% in the past 24 hours to $4.86 as of press time.

This decline mirrors a broader market trend, with major digital assets such as Solana and BNB also seeing losses exceeding 2% during the same period.

Mentioned in this article
Latest Alpha Market Report
Ban disappointed Drops Hong Kong WLD WorldCoin
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin’s Rocky Road Ahead — James Check Drops a MAJOR Warning.

2025-11-25

Altcoin Treasury Companies Are STACKING SOL, SUI & WLD!

2025-09-20

Why Hong Kong Needs Bitcoin: EXILED For Freedom | Nathan Law

2025-05-20

SEC Drops Case Against Ripple (XRP PUMPS)

2025-03-19
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Regulation

DTCC highlights potential of tokenization in Congressional testimony

2024-06-06

DTCC Digital Assets global head and managing director Nadine Chakar made a compelling case for…

Bitcoin

Here’s what’s keeping Bitcoin below the $30,000-mark

2023-08-13

Bitcoin’s price stabilized around $29,000-$30,000 amidst market volatility Seller-taker volume and declining miner revenue surfaced…

Videos

Crypto Carnage: Coinbase, Gensler & BEST NEW AI Project

2023-04-20

Check out the open source AI called Open Assistant here: https://open-assistant.io ✴︎Sign Up Here for…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

Ethereum Is Dying… Or Is This the Biggest Buy Signal of the Decade?

2026-01-01

🔥 I’m Putting My A$$ on the Line: My Bold 2026 Predictions 🎯

2025-12-31

Bitcoin Investors…What to Expect in 2026

2025-12-31

It Was A Very Bad Year (Bitcoin 2025)

2025-12-31
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2026 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 90,106.00
ethereum
Ethereum (ETH) $ 3,132.90
tether
Tether (USDT) $ 0.999533
xrp
XRP (XRP) $ 2.02
bnb
BNB (BNB) $ 882.97
usd-coin
USDC (USDC) $ 0.999837
staked-ether
Lido Staked Ether (STETH) $ 3,133.98
tron
TRON (TRX) $ 0.287952
dogecoin
Dogecoin (DOGE) $ 0.143436
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.03