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
XRP Withdrawal Transactions Plummet to Record Lows

XRP withdrawal transactions on Binance have plummeted from over 8,000 in mid-April to about 12 recently, indicating a potential shift in market behavior.

Fold Holdings Introduces Innovative Bitcoin Bonus Program for Employees

Fold Holdings, Inc has launched a Bitcoin Bonus Program that allows companies to pay recurring BTC bonuses to employees, starting with Steak n Shake.

Global Interest in Crypto Derivatives Surges Amid Regulatory Changes

Global interest in crypto derivatives is rising as Thailand's SEC proposes new rules, with Blockchain.com launching perpetual futures trading and Kraken's parent company acquiring Bitnomial.

Thailand's SEC Proposes Streamlined Licensing for Crypto Derivatives

Thailand's SEC has proposed a new rule allowing digital asset companies to apply for derivatives licenses directly, streamlining the process.

Sam Bankman-Fried Withdraws His Request for a New Trial

Sam Bankman-Fried has officially withdrawn his request for a new trial, believing he would not receive a fair hearing.

Polymarket Traders Cash In on Temperature Spikes in Paris

Traders on Polymarket made significant profits from unusual temperature spikes reported by Météo France, leading to a police complaint.

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