The Worldcoin project has reached a legal agreement to cease its operations in Spain until the end of the year, according to the Spanish data protection authority. The Spanish Agency for Data Protection (AEPD) disclosed that Tools for Humanity Corporation, the company behind Worldcoin, will temporarily halt data collection and processing until the culmination of 2024 or the resolution of ongoing investigations. Currently, the Bavarian data protection authority, BayLDA, in Germany, is conducting inquiries into Worldcoin's management of personal user data. The investigations are in progress, with an anticipated decision from BayLDA aligned with European supervisory authorities, including those in Spain who had mandated Worldcoin to halt data collection and processing activities in the country. Responding to the scrutiny, Worldcoin has reinforced security measures, such as releasing its biometric data system as an open-source and implementing stricter controls for user verification and iris code removal. Despite facing challenges in various countries like Spain and Germany, Worldcoin has showcased growth by reaching milestones of 10 million users and 70 million transactions in April 2024. Additionally, the project launched its 'human-centric' blockchain network, World Chain, to prioritize user needs and efficiency, and it plans to increase its token supply by up to 19% in the next six months.
Worldcoin's Compliance with European Data Regulations

by Giorgi Kostiuk
2 years ago

Other news
Crypto Analyst Predicts Local Bitcoin Top

Analyst Kaz warns that Bitcoin is nearing a local top and may drop below $60,000.

Political Uncertainty Surrounds South Korea's Crypto Tax Legislation

Political uncertainty surrounds South Korea's crypto tax legislation as the People Power Party pushes to abolish it.

South Korea's NTS Prepares for Crypto Tax Implementation

The National Tax Service of South Korea has begun preparations to implement a tax on crypto income starting in 2027, following years of delays.

Nvidia Stock Predicted to Surge Amid AI Boom

Nvidia's stock is expected to see significant growth over the next decade, driven by the AI sector's expansion.

HSBC and Anchorpoint Confirm No Stablecoin Launch Yet

HSBC and Anchorpoint have confirmed that they have not launched any stablecoins, despite receiving licenses from the HKMA.

Strategy's Bitcoin Accumulation Could Surpass Satoshi Nakamoto

Strategy, led by Michael Saylor, is on track to become the largest single holder of Bitcoin, potentially surpassing Satoshi Nakamoto within two years.

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