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
DeFi Sector Achieves Record $175 Million Fundraising

In a groundbreaking move for the decentralized finance (DeFi) sector, a total of $175 million has been raised in a funding round led by Paradigm, a16zcrypto, and RibbitCapital.

XRPL Fee Data Highlights Network Activity

Recent fee data indicates a drop in daily network fees on the XRP Ledger, sparking discussions about network activity and demand.

Governance Takeover Exploit Drains $158 Million from Token of Power Protocol

A governance exploit against the Token of Power protocol resulted in a loss of approximately $158 million in WETH.

Ripple Introduces XRPL AI Starter Kit to Enhance Agentic Payments

Ripple has launched the XRPL AI Starter Kit, a developer toolkit designed to help software agents make payments using XRP and Ripple USD.

Bitcoin Halving Cycle Indicates Bottoming Phase

Crypto Rover shares a Bitcoin halving cycle chart suggesting BTC is in a bottoming phase, similar to previous cycles.

Market Anticipation for Bitcoin Surge

Experts predict a significant return of retail investors to Bitcoin as institutional buying increases. Many believe that once institutions finish loading up on Bitcoin and start pushing the price, retail investors will return to the market, especially if a sudden price surge occurs.

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