Global authorities suspend the growth of Biometric Blockchain due to worries about data privacy

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Global authorities suspend the growth of Biometric Blockchain due to worries about data privacy

Bitget-RWA2025/11/22 10:26

By:Bitget-RWA

- Worldcoin (WLD) fell 14% amid regulatory crackdowns, token unlocks, and market weakness, outperforming crypto's 9% decline. - Colombia, Philippines, and Thailand ordered operations halted and biometric data deleted over privacy concerns. - 37M WLD tokens ($25M) unlocked recently, worsening sell pressure as price consolidates near $0.63 resistance. - Analysts predict $0.75–$0.85 by 2025 if regulations clarify, but warn of potential drops to $0.26 amid unresolved compliance risks. - Project's viability hin

Worldcoin (WLD) experienced a steep 14% drop in a single day as global regulatory pressures mounted, token unlocks increased, and the broader market weakened, dealing a notable blow to the biometric-identity blockchain initiative. This rapid decline, which surpassed the overall crypto market’s 9% fall, came after a series of regulatory measures targeting the project’s data handling and business model. Authorities in Colombia, the Philippines, and Thailand all issued cease-and-desist orders,

compelling Worldcoin to suspend activities

in these countries and erase biometric information gathered from local participants. These actions highlight the escalating difficulties for blockchain projects that utilize sensitive personal data.

These regulatory interventions have added to existing structural challenges. In recent weeks, more than 37 million

WLD

tokens—worth about $25 million—have been released, intensifying selling pressure as the token continues to trade sideways for several months after its initial jump from $0.60. Experts point out that although bearish sentiment has been dominant recently, there are early indications of possible stabilization. The token’s price movement near the peak of a consolidation phase and the concentration of liquidity above $0.63 could signal a reversal, though the next direction remains uncertain.

Global authorities suspend the growth of Biometric Blockchain due to worries about data privacy image 0

Worldcoin’s token structure and regulatory challenges are still key factors for its future prospects. The project, which seeks to establish a worldwide “proof of personhood” system through biometric checks, is facing major obstacles in expanding its World ID network. While millions have already been verified on the platform, practical uses for the WLD token are still emerging, currently focused mainly on user rewards and governance participation. Regulatory agencies, especially in Europe, have voiced concerns about privacy, child protection, and international data transfers,

resulting in probes

and operational limits that may slow down broader adoption.

Forecasts for WLD’s price are varied, reflecting the clash between short-term negative factors and the potential for future growth.

Blockchain News analysts foresee

a cautiously optimistic outlook, projecting a target range of $0.75–$0.85 by December 2025, provided regulatory issues ease and token unlocks decrease. Major technical signals, such as RSI and MACD, indicate the token could challenge the $0.76 resistance, with a breakout possibly paving the way to $0.85–$0.90. On the other hand, if support at $0.64 fails, a further decline toward $0.63 or even the 52-week low of $0.26 could occur, according to bearish projections.

The project’s future will depend on how well it can address regulatory concerns and prove real-world value for its token. For now, investors should keep an eye on token unlock timelines, regulatory updates, and on-chain adoption as key indicators. As one expert put it, “Worldcoin’s future depends less on speculation and more on its ability to scale compliant onboarding and turn verified users into real economic activity.”

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.

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