Spain Blocks Worldcoin Project Over Data Privacy Concerns, W...

Spain Blocks Worldcoin Project Over Data Privacy Concerns, WLD Token Slides 7%

cryptodaily.co.uk | 2024-03-07 21:09

The cryptocurrency project Worldcoin, spearheaded by Sam Altman, has faced another setback as Spain takes steps to block the venture. The Spanish data protection regulator, AEPD, has ordered Worldcoin to immediately halt the collection of personal information within the country and cease using the data it has already gathered. Concerns Over Worldcoin Eyeball-Scanning Data Collection According to a Financial Times report, the AEPD expressed concerns about the project's use of an eyeball-scanning "orb" to collect customers' data. The regulator is expected to announce a "precautionary measure" on Wednesday, and Worldcoin has been given 72 hours to demonstrate compliance with the order. Worldcoin, co-founded by Altman in 2019, has offered its cryptocurrency tokens to individuals worldwide in exchange for consent to scan their eyes with an orb. The scans serve as a means of identification,...

Unlock these benefits
benefit

Get access to news, enforcement cases, events, and actionable tips and guides

benefit

Get regular email updates and offers

benefit

Job opportunities, mentorship and career guidance

benefit

Exclusive access to Data Protection community - ask questions, network and share knowledge with peers and experts via WhatsApp and Linkedin