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Alarm bells ring in US over OpenAI’s crypto project World

cryptoweekly by cryptoweekly
May 14, 2025
in Altcoins, News
0

OpenAI’s World project is coming to the US, where a state-by-state approach to privacy could complicate user protections.

World Network, the digital identity and crypto project of Sam Altman’s OpenAI, has alarmed privacy activists ahead of its United States launch, with observers concerned over its data collection and protection practices.

World “is the opposite of privacy. It’s a trap,” said Nick Almond, CEO of FactoryDAO, on X. While the project claims to protect user privacy in the age of proliferating AI, it’s faced a slew of regulatory concerns across the globe.

Formerly known as “Worldcoin,” the iris-scanning technology and its crypto token payout scheme are being probed by authorities in India, South Korea, Italy, Colombia, Argentina, Portugal, Kenya and Indonesia. In Spain, Hong Kong and Brazil, it’s outright banned.

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  • JPMorgan pushes JPMD pilot on Base, says deposit tokens beat stablecoins
  • Ether price stable near $2.4K as crypto investors bet on long-term growth
  • GENIUS Act could strengthen dollar power, write ‘rulebook’ for global financial system
  • Cycles eyes sustainable crypto credit after 2022 liquidity crisis
  • Bitcoin price stabilizes and rallies amid regional conflicts, data shows
  • Coinbase is seeking SEC approval for ‘tokenized equities’ — Report
  • Solana Foundation, Bitget Wallet join Ondo Finance’s ‘market alliance’

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