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VisitImpact on Worldcoin's market share in Asia by 2024
Significant decrease in Asian market share • 33%
Minor impact on Asian market share • 33%
No impact on Asian market share • 34%
Financial news, market analysis reports
Hong Kong Orders Worldcoin to Cease Operations Over Excessive Iris Scanning
May 22, 2024, 07:32 AM
The Hong Kong government has ordered Worldcoin to cease its operations in the region due to violations of the Privacy Ordinance. The Office of the Privacy Commissioner for Personal Data (PCPD) found Worldcoin's collection of facial and iris images to be unjustified, unlawful, and excessive. Worldcoin confirmed that it conducted facial and iris scan authentication on 8,302 people. The enforcement notice requires Worldcoin to stop using iris scanning devices immediately.
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Significant increase in market share • 33%
Moderate increase • 34%
No significant change • 33%
Major positive impact • 33%
No significant change • 33%
Negative impact • 33%
Identity Verification • 33%
Transaction Management • 33%
Data Security • 33%
Significant Increase • 33%
No Change • 34%
Decrease • 33%
Increase • 33%
Decrease • 33%
No significant change • 33%
Significant Positive Impact • 25%
Moderate Positive Impact • 25%
No Significant Impact • 25%
Negative Impact • 25%
Cease biometric data usage • 25%
Modify biometric data collection practices • 25%
Shift operations to other regions • 25%
No change in operations • 25%
Blockscout • 33%
PimlicoHQ • 33%
Other • 34%
Increases • 33%
Decreases • 33%
Remains the same • 33%
Cease Operations • 25%
Modify Operations • 25%
Continue as Usual • 25%
Sell or Transfer Ownership • 25%
Increases • 33%
Decreases • 33%
Remains the same • 33%
North America • 25%
Europe • 25%
Asia • 25%
Rest of the World • 25%
No significant change • 34%
Regulated with strict guidelines • 33%
Banned completely • 33%