United Kingdom: Issued ICO statement on launch of WorldCoin regarding data governance

On 31 July 2023, the UK's Information Commissioner's Office (ICO) issued a statement on the launch of WorldCoin in the UK. WorldCoin is a cryptocurrency project that uses iris biometrics as a secure authentication method for its transactions and designed to become the world's largest human identity and financial network. The ICO clarifies, that prior to commencing with any data processing activities that may lead to high-risk outcomes, such as handling special category biometric data, organisations are required to carry out a Data Protection Impact Assessment (DPIA). In case of significant risks which cannot be adequately mitigated, they must seek consultation with the ICO. In addition, organisations must have a lawful basis to process personal data, including consent. Finally, the ICO stated that it would begin enquiries on the launch of WorldCoin in the UK.