Regulators in Portugal have issued a temporary block on Worldcoin's plan to collect biometric data, causing a setback for the AI cryptocurrency project. The scrutiny on this project aligns with the increased attention on AI technology itself. Worldcoin's data collecting efforts have sparked concerns, leading to complaints about information deficiencies, unauthorized data collection from minors, and failure to delete data. The Portuguese data regulator has intervened by blocking Worldcoin's services for a 90-day period. The Worldcoin Foundation's data protection officer has assured compliance with GDPR and willingness to address concerns, including issues with underage sign-ups. This block comes on the heels of several legal disputes that Worldcoin has been involved in recently.
Portugal Authorities Block Worldcoin's Biometric Data Collection

by Giorgi Kostiuk
2 years ago

Other news
Robinhood and Coinbase Stocks Surge Following CFTC Announcement

Robinhood and Coinbase stocks surged significantly after the CFTC announced new regulations for crypto derivatives trading, allowing US firms to offer perpetual futures trading.

Analysts Divided on Strategy's Financial Management Amid Bitcoin Concerns

Analysts are divided on Strategy's early buyback of zero-interest convertible notes, with some viewing it as smart capital management amidst Bitcoin market fluctuations.

Peter Schiff Raises Alarm on Strategy's Bitcoin Investment Strategy

Gold advocate Peter Schiff raises concerns about Strategy's reliance on cheap debt to invest in Bitcoin, suggesting potential financial pressures.

Solana Approaches Key Support Level Amid Accumulation Signs

Solana's price is defending a crucial multiyear support zone near the 79 level, with signs of accumulation suggesting a potential breakout.

CLARITY Act Advances in Senate Amidst Banking Sector Concerns

The CLARITY Act is advancing in the Senate, but JPMorgan's CEO warns of fundamental issues and strong opposition from banks.

AI Models Forecast Varied Price Predictions for XRP

Different AI models provide a range of price predictions for XRP, influenced by ETF inflows and market conditions.

Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter