Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Worldcoin Enters Malaysia with the Government’s Blessing

Worldcoin Enters Malaysia with the Government’s Blessing

DailyCoinDailyCoin2024/08/17 12:52
By:DailyCoin
  • Worldcoin has debuted its operations in Malaysia.
  • The project announced a partnership with the Malaysian government.
  • This came after Worldcoin’s CEO met with government representatives in April.

On Friday, Worldcoin announced that Malaysians will be able to access “individual humanness verifications” using its Orbs devices. This follows a partnership established between the crypto project and the Malaysian government.

The “proof-of-humanhood” project started bolstering its ties with the Malaysian authorities earlier this year when CEO Alex Blania met with representatives of the country’s digital ministry on April 23. This came a few days after Blania and fellow Tools for Humanity co-founder Sam Altman joined a video call with Malaysia’s Prime Minister Anwar Ibrahim.

Worldcoin’s Partnership with the Malaysian Government

According to a statement on August 16, the Worldcoin Foundation, Tools for Humanity (TFH), and e-government service provider MyEG have signed an MoU with MIMOS Berhad, the Malaysian government’s applied research and development arm.

Sponsored

The MoU will see the Malaysian government leverage the Worldcoin protocol and other technologies created by TFH to improve ongoing and future work related to the country’s digital infrastructure.

“As part of the MoU, new Worldcoin operations in Malaysia will give individuals access to individual humanness verifications using state-of-the-art iris imaging technology developed by TFH for the Worldcoin project,” the statement reads.

Other potential areas of collaboration between MoU’s parties include joint orb manufacturing and bridging of the World Chain to Malaysia’s National Blockchain Infrastructure.

Per the statement, while the Worldcoin Foundation will work to ensure that its technology is open-source and freely available in the country, TFH will provide technical support for World App and the Orbs devices. Meanwhile, MYEG will assist MIMOS Berhad with technical integrations and hardware deployment.

Sponsored

Stay updated on why Worldcoin halted operations in Spain:
Worldcoin Halts Operations in Spain Amid Regulatory Probe

Read about Worldcoin’s World ID “unverify” update:
Worldcoin Debuts World ID “Unverify” to Address Privacy Concerns

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

MARA's stock jumps after raising $1 billion via convertible notes to buy more bitcoin

MARA Holdings announced the successful closing of its $1 billion offering of 0% convertible senior notes due 2030.The bitcoin miner plans to allocate around $199 million of the proceeds to repurchase $212 million in principal of its existing convertible notes due 2026. The remaining funds will be used to acquire more bitcoin.

The Block2024/11/21 16:11

Gold loses luster as institutional demand fuels bitcoin price surge, analysts say

Bitcoin’s 46% surge over the past month, contrasted with gold’s 3% decline, highlights a shifting investor preference toward alternative store-of-value assets, analysts say.Derivatives traders are buying up bitcoin call options ahead of Trump’s inauguration, signaling strong bullish sentiment for the beginning of 2024.

The Block2024/11/21 16:11

SEC is 'engaging' Solana ETF applicants: report

SEC “engaging” on Solana ETF applications, sparking optimism for potential approval in 2025.VanEck, 21Shares, and Bitwise lead Solana ETF filings amid pro-crypto White House hopes.SOL token rises 4.6% to $247.91, bolstered by Solana’s strong DeFi ecosystem and demand.

The Block2024/11/21 16:11