Binance alleged to have collected biometric data unlawfully in US

Binance is facing a class action lawsuit in Illinois, which alleges that the world’s largest cryptoexchange has unlawfully collected its users’ biometric data.

Kamil Kuklineski, a resident of Illinois, has launched litigation against Binance Capital Management Co in a state court. This is the Binance entity registered in the British Virgin Islands, although the company operates in practice through a variety of holding companies. In the case of the United States, the company does business through BAM Trading Services, which itself supports Binance.US. The class suit alleges that Binance partnered with biometric firm Jumio Corporation to collect user data and that both companies violated the state’s Biometric Information Privacy Act.

In order to open an account with Binance.US, users must input personal information about their identity. This includes information such as their full name, address and birthdate. As part of this process, Binance.US used Jumio’s biometric technology to scan users’ faces and verify their identity. According to the lawsuit, “this process required in part, the taking of images of a user’s driver’s license or other state and federal photo identification and a “selfie” of the user to capture, analyze and compare biometric data of the user’s facial features.”

More here: https://disruptionbanking.com/2021/12/01/binance-alleged-to-have-collected-biometric-data-unlawfully-in-us/