Investing.com | Editor Pollock Mondal
Printed Oct 12, 2023 07:13AM ET
OpenAI CEO Sam Altman mentioned a variety of cryptocurrency matters on The Joe Rogan Expertise podcast. Altman praised Bitcoin’s potential within the tech and finance industries, its decentralization, and independence from authorities management, highlighting its function in selling international transparency and curbing corruption.
In the identical dialog, Altman expressed concern over an intensifying regulatory atmosphere within the wake of the FTX change collapse. This occasion triggered authorized actions by the US Securities and Change Fee (SEC) towards different exchanges similar to Binance and Coinbase (NASDAQ:COIN). Altman criticized these authorities interventions within the crypto market, voicing worries about Central Financial institution Digital Currencies doubtlessly being linked to social credit score scores.
Altman additionally spoke about his personal cryptocurrency enterprise, Worldcoin, which was launched in July. The mission makes use of iris scans for truthful distribution of its WLD tokens. Regardless of sparking controversies and dealing with scrutiny in France and Germany over knowledge safety practices compliance, Worldcoin has assured that iris pictures are promptly deleted after the creation of iris codes to prioritize consumer privateness. The corporate asserts no private knowledge is tied to those scans.
The dialog additionally touched on Senator Elizabeth Warren’s proposed crypto invoice aimed toward addressing points like cash laundering and terrorism financing linked to cryptocurrencies. Nonetheless, particulars about this dialogue weren’t offered within the context.
This text was generated with the assist of AI and reviewed by an editor. For extra data see our T&C.
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Written By: Investing.com