Worldcoin, a controversial cryptocurrency and ID project, is under scrutiny from data regulators in the UK due to concerns over privacy and biometric data safety. The Information Commissioner's Office (ICO) will examine the project and initiate further inquiries to ensure compliance with data laws. Despite securing $115 million in funding from major investors, Worldcoin has faced criticism for its onboarding practices, which reportedly involved deception and exploitation of workers in developing countries. The project's native token, WLD, will not be launched in the US due to regulatory concerns and speculation about its classification as an unregistered security.