Important news about cryptocurrency on the night of August 5 and morning of August 6

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Ministry of Public Security Warns About Iris Data Collection Risk Through Cryptoasset Token Issuance.

Biometric identification is widely applied but poses risks of personal information leakage and national security threats through biometric data collection via Token issuance.

MAIN CONTENT
  • Security risks from biometric data collection through cryptoasset Tokens.
  • Limitations of Ledger Wallet software affecting Cardano users participating in Airdrop.
  • US SEC determines certain liquidation staking activities do not require securities law registration.

What Did the Ministry of Public Security Warn About Iris Data Collection Through Token Issuance?

The Chinese Public Security Ministry reported that a foreign company is exploiting cryptoasset Token issuance to collect global users' iris data, posing risks to personal information safety and national security.

Biometric identification like facial recognition, fingerprints, and iris scanning are developing rapidly due to accuracy and convenience, enabling quick personal data collection, analysis, and storage. However, potential information leakage risks cannot be overlooked, especially when such data is transferred abroad in ways affecting national security.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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