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
CFTC Establishes Innovation Advisory Committee to Collaborate with Digital Asset Sector

CFTC has formed an Innovation Advisory Committee to enhance collaboration with the digital asset industry.

Defense Stocks Surge Amid Ongoing Geopolitical Turmoil

US defense stocks are experiencing significant gains due to the ongoing geopolitical turmoil related to the Israel-Iran-US conflict.

XRP Technical Indicators Show Mixed Signals Amid Price Correction

Technical indicators for XRP show a loss of bullish momentum, with MACD losing pace and RSI below 50.

Polymarket's Legal Battle Continues as Case is Remanded to State Court

The federal court has sent the case against Polymarket back to state court, rejecting its jurisdiction arguments.

Kalshi Faces Legal Setback as Federal Judge Remands Case to State Court

Kalshi is facing a potential restraining order in Nevada as a federal judge remands the case to state court, allowing regulators to seek an injunction against the exchange.

XRP Price Experiences a Decline After Struggling to Break Through Major Resistance.

XRP price has started a downside correction after failing to hold above the 1420 level, with current support at 13550.

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