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
Made with AI




Other news
Wintermute Emphasizes Editorial Standards in New Report

Wintermute has published a report that emphasizes its strict editorial policy focusing on accuracy, relevance, and impartiality.

Bank of Russia Introduces New Crypto Trading Framework for Ordinary Investors

The Bank of Russia has introduced a draft directive allowing nonqualified investors to trade cryptocurrencies with a limit on annual purchases.

Github Unveils New Report on Editorial Policy

Github has released a new report outlining their strict editorial policy, emphasizing accuracy, relevance, and impartiality to enhance trust and transparency.

Bank of America Sets Bullish Price Target for AMD Stock

Bank of America Securities analyst Vivek Arya has set a bullish price target for AMD stock, predicting it could reach 620.

UK Regulators Push for Blockchain Adoption in Financial Markets

The UK's Financial Conduct Authority is promoting blockchain adoption among financial firms to improve trading efficiency and security.

Xi Jinping's Visit Raises Concerns Ahead of BRICS Summit

Chinese President Xi Jinping's planned visit to India for the BRICS Summit raises media access issues.

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