Monday, April 15, 2024
HomeGeneralSpain Bans WorldCoin Project Over Concerns About Sensitive Data Collection: Details

Spain Bans WorldCoin Project Over Concerns About Sensitive Data Collection: Details

- Advertisement -

Spain Bans WorldCoin Project Over Concerns About Sensitive Data Collection: Details

- Advertisement -

The world coin’s short-term rally in popularity has stalled in several countries in recent months. WorldCoin’s collection of user data through iScan has raised concerns among governments around the world. This week, Spain became the latest country to ban the collection of personal data and biometrics of Spanish citizens on Sam Altman’s ambitious plan. Seen by world leaders as riddled with privacy concerns, Altman’s Worldcoin project aims to create a unique identity of personality while bots and AI are on the rise.

The decision to impose a ban of World Coin Operations in Spain have been finalized by the country’s data protection regulator AEPD. In an official statement, the regulatory body has warned WorldCoin against collecting more data and using information already obtained.

“AEPD has received several complaints against this company, including, among other things, insufficient information, collection of data from minors or not allowing consent to be withdrawn,” it said. Statement AEPD said this week.

Based in San Francisco, USA, WorldCoin was officially launched in July last year. It aims to assign a ‘World ID’ to global citizens as an ‘international proof of identity’. With these IDs, people will not need to share their personal details to interact with the web and websites. In August last year, representatives of the project set up booths in several parts of the world – collecting scans of people’s eyes through their own kind of machine called Orbs.

As people lined up in front of WorldCoin booths in various parts of the world, including India, policymakers realized that data collection by WorldCoin appeared to be difficult. Kenya was among the first countries to adopt a Hard step Towards controlling the world coin frenzy — by suspending it for now indefinitely.

The Spanish regulator noted, “The processing of biometric data, which is considered as a special protection in the General Data Protection Regulation (GDPR), poses high risks for people’s rights, given their sensitive nature.” becomes.”

This operational shock for WorldCoin comes just one week after the project. claimed That World app crossed one million daily users for the first time in February.

At the time, WLD, the native token of the WorldCoin project, recorded a jump of 140 percent in a seven-day period. WLD was trading at $7.58 (roughly Rs. 628) on February 19. Currently, the token is trading at $7.23 (roughly Rs. 597). CoinMarketCap.

Affiliate links may be generated automatically – see our Statement of Ethics For details

For More Detail

Spain has banned the WorldCoin project over concerns of collecting sensitive cryptocurrency data,The coin of the world,Spain,Restriction

- Advertisement -


Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

- Advertisment -

Recent Comments