Malaysian Regulator Approves Iris-Scanning Worldcoin Token

Malaysia’s regulator, the Securities Commission Malaysia (SC), has given approval for the trading of the Worldcoin (WLD) token on recognized digital asset exchanges. The approval was granted to MX Global, an associate company of Cuscapi, a Malaysia-based digital business solutions provider. MX Global received an equity investment from cryptocurrency exchange Binance in March 2022. The WLD token is now the 14th digital asset permitted for trading in Malaysia, joining the likes of Bitcoin, Ethereum, Litecoin, Ripple, Polygon, and Solana. The approval comes after Worldcoin executives met with Malaysian officials to discuss the token’s strategic expansion. Worldcoin’s lead developer, Alex Blania, and OpenAI CEO Sam Altman had a virtual discussion with the Malaysian government, focusing on the rapid development of technology. Despite some regulatory uncertainty and privacy concerns surrounding the Worldcoin initiative, Ethereum co-founder Vitalik Buterin praised the project’s efforts to protect user data privacy, stating that they have taken privacy critiques seriously.