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
On-Chain Data Indicates Elevated Volatility Risk for Ethereum

On-chain data reveals Ethereum's leverage ratio is at an all-time high, signaling increased volatility risks.

Ethereum Faces High Volatility Ahead of FOMC Decision

Ethereum's price is entering a high-risk, high-impact phase as traders brace for today's FOMC decision.

Trump to Appoint New Chair of the Federal Reserve.

Trump to announce nominee for Federal Reserve Chair during FOMC meeting, potentially influencing monetary policy and market stability.

Regulatory Uncertainty Impacts Crypto Market Dynamics

Regulatory uncertainty surrounding the Market Structure bill's delay impacts crypto market dynamics.

Favorable Regulatory Conditions for Fidelity's Launch

Fidelity's entry into the stablecoin market comes amid favorable regulatory conditions established by the GENIUS Act.

Thepeer Cofounder Denies Fraud Allegations

Michael Okoh, cofounder of Thepeer, denies fraud allegations and clarifies the company's financial situation in a detailed rebuttal.

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