The Brazilian government has reportedly banned Worldcoin’s World ID program from offering cryptocurrencies in exchange for biometric data. This move comes amid growing concerns over privacy, data protection, and the ethics of trading sensitive personal information for digital assets.
Worldcoin, a project co-founded by OpenAI’s Sam Altman, incentivizes individuals to scan their irises with a specialized device called an “Orb” in exchange for digital identification and cryptocurrency rewards. While the project aims to promote financial inclusivity and decentralized identity, it has faced significant global backlash for privacy risks and regulatory challenges.
The ban in Brazil highlights the country’s stance on protecting citizens’ biometric data
