Finally, regulators will come to this project.
Britain's data regulator will examine Worldcoin, a project by OpenAI CEO Sam Altman where users provide their iris scans in exchange for a digital identification and free cryptocurrency.
https://www.reuters.com/technology/uk-data-watchdog-make-enquiries-worldcoin-crypto-project-2023-07-25/There are many things that need clarification, especially the purpose of obtaining and storing Irish data. This kind of data is really important for the future. Irish can potentially be exploited. That's why regulators is now coming to examine this project.
That one is necessary and essential, I believe more countries that have strong and strict data privacy regulations/laws will follow to scrutinize the project.
In many jurisdictions, biometric data, in this case, the iris, is considered to be sensitive personal data. It counts as such because a breach of this data would cause a detrimental effect on the victim. This project surely takes security as its concern and has implemented an encryption mechanism to protect user data. Nevertheless, it still requires many entities to closely inspect and monitor this particular case. So I do agree that the regulator should "audit" this project.