WorldCoin Reaches 10M Users Despite Global Regulatory Challenges

WorldCoin, the digital identity verification platform founded by OpenAI CEO Sam Altman, has reached 10 million verified users on its network, marking a significant milestone despite facing operational restrictions in multiple jurisdictions. The platform uses specialized “Orb” devices to collect iris biometric data for establishing proof of personhood and human verification, a technology that has faced both rapid adoption and supply chain challenges as demand has grown.

Several countries have implemented restrictions on WorldCoin’s operations, reflecting growing global concerns about biometric data collection and privacy. Kenya enacted the first ban in August 2023, citing national security and privacy concerns related to biometric data collection. In March 2024, Spanish authorities ordered WorldCoin to cease data collection for three months, which was later extended through the end of 2024 following an investigation by Spain’s Agency for the Protection of Data (AEPD). The investigation addressed allegations regarding user consent withdrawal and the collection of data from minors.

Portugal implemented a 90-day ban in March 2024 to protect citizens’ privacy rights and prevent potential unauthorized biometric data collection. Hong Kong’s Office of the Privacy Commissioner for Personal Data (PCPD) halted WorldCoin’s operations in May 2024. In September 2024, South Korean authorities imposed a fine of 1.1 billion won (approximately $829,000) for alleged violations of personal data protection regulations. These regulatory challenges follow similar concerns raised by Colombia’s data protection authority and investigations in multiple other jurisdictions.

WorldCoin, through its parent company Tools for Humanity, maintains that its operations comply with legal requirements in all jurisdictions where it operates. In a January 9 blog post, the World team addressed ongoing debates about digital ID systems, acknowledging critics’ concerns about privacy and potential misuse by governments. The company states that its proof of personhood system serves as a necessary response to rapid AI development, which it says poses challenges to information reliability and intellectual property rights.

The platform has continued to expand its services, recently launching in Panama and implementing new security features including facial recognition to complement its iris scanning technology. The company has also rebranded its services under the simplified name “World” as it shifts focus toward identity verification technology and away from its cryptocurrency origins.

Sources: TradingView, Binance

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January 14, 2025 – by Ji-seo Kim