• Economy
  • Investing
  • Editor’s Pick
  • Stock
Evil Shark Trades
Editor's Pick

Iris-Scanning Worldcoin Token Gets Malaysian Regulator’s Nod

by May 15, 2024
by May 15, 2024

The Securities Commission Malaysia (SC), the country’s regulator, has approved the trading of the Worldcoin (WLD) token on digital asset exchanges recognized by the SC.

Malaysia-based digital business solutions provider Cuscapi announced the move that its associate company MX Global received the approval on May 9, to facilitate trading of WLD token.

In March 2022, MX Global had obtained an unspecified equity investment from cryptocurrency exchange Binance.

The token joins as the 14th among the list of permitted digital assets to be traded in the country. Some of the permitted cryptos include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Polygon (MATIC) and Solana (SOL).

The news arrives a month after Worldcoin executives met with top Malaysian officials, discussing the token’s strategic expansion. Alex Blania, the lead developer of Worldcoin and the co-founder and CEO of Tools of Humanity attended the meeting with key Malaysian government leaders.

Before the physical meeting, both Blania and OpenAI CEO Sam Altman had a 30-minute virtual discussion via video conference with the Malaysian government. They touched on several aspects related to the rapid development of technology.

According to post by the Malaysian President Anwar Ibrahim, Altman and Blania elaborated on the development of the Worldcoin project. They discussed its focus on creating a global and inclusive financial network, prioritizing confidentiality

Regulatory Uncertainty and Privacy Concerns Still Loom on Worldcoin


The Worldcoin initiative sparked privacy apprehensions across various nations. In March, CNPD, Portugal’s data oversight authority, issued a directive, instructing WLD to pause biometric data collection for 90 days.

The CNPD cited that WLD involved a significant risk to citizens’ data protection rights, demanding immediate action to avert harm.

However, Ethereum co-founder Vitalik Buterin has a different view on this eye-ball scanning digital token. Recently, he acknowledged Worldcoin’s efforts to secure user data privacy.

He said that Sam Altman has performed “quite a good job” in implementing cryptographic measures to ensure data confidentiality.

“In my opinion they actually have been doing quite a good job of taking the privacy critiques seriously,” Buterin noted.

The post Iris-Scanning Worldcoin Token Gets Malaysian Regulator’s Nod appeared first on Cryptonews.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Former FTX Executive Ryan Salame Seeks 18-Month Sentence, Citing Cooperation and Remorse
next post
Biden’s false claim that inflation was 9 percent when he took office

You may also like

Josh Fraser, Co-Founder of Origin Protocol, on Liquid...

Hong Kong Legislator Raises Concern Over Crypto Licensing...

Bitcoin Price Prediction: $150K Forecast and ETF Market...

Veteran Analyst Peter Brandt Predicts Bitcoin Price to...

Robinhood Implements Buying Restrictions on GameStop As Roaring...

Over $3 Billion Worth of ETH Withdrawn from...

Matter Labs Withdraws ‘ZK’ Trademark Application After Industry...

Rwanda to Roll Out CBDC By 2026 After...

El Salvador’s President Nayib Bukele Sworn in for...

FTX Estate Sells Off Remaining Anthropic Holdings Amid...

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.






    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recent Posts

    • Apple just landed a key win for the global encryption fight
    • I made memes for the White House. Here’s what I learned
    • Trump slams mail-in ballots as corrupt, but may not have the power to derail them
    • Russia launches largest attack on Ukraine this month following Trump’s meetings with Putin, Zelenskyy
    • Justice Barrett teases new memoir in abrupt conference exit

    Categories

    • Economy (7,076)
    • Editor's Pick (3,862)
    • Investing (2,826)
    • Stock (1,424)
    Email Whitelisting About Us Terms & Conditions Privacy Policy Contact Us

    Disclaimer: Evilsharktrades.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 EvilSharkTrades.com


    Back To Top
    Evil Shark Trades
    • Economy
    • Investing
    • Editor’s Pick
    • Stock