The UK’s authorized government agency ICO is examining the new altcoin project Worldcoin. The startup, owned by ChatGPT founder Sam Altman, launched WLD coin the other day. British authorities, on the other hand, started to research about the altcoin project.
Speaking to the crypto press, an ICO official stated that they took the project on their radar after the Worldcoin launch. WLD, which made a sound with the listing of giant exchanges such as Binance on the first day, causes some concerns due to its functioning.
The British government agency has caught the altcoin as the DeFi startup aims to use biometric data for authentication. The ICO requires companies that collect such important data to consult them. The spokesperson of the institution emphasized that even cryptocurrencies for personal data should have a legal basis.
Speaking to the source after the ICO official’s statement, Worldcoin officials said that they are in compliance with British laws.
WLD Price
WLD, the altcoin unit of the crypto project, which made a sound with its launch on the first day of the week, is slowly losing value.
The altcoin, which passed $ 4 after Binance listing, is currently trading at $ 2.11.
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