• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Worldcoin's Compliance with European Data Regulations

user avatar

by Giorgi Kostiuk

2 years ago


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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

GSR Welcomes SC Ventures as Its First External Shareholder

chest

GSR has announced that SC Ventures has become its first external shareholder, marking a significant milestone in the company's history.

user avatarJesper Sørensen

Payward Completes Acquisition of Bitnomial Amid Legal Challenges

chest

Payward has completed its acquisition of Bitnomial, a cryptocurrency derivatives platform, amidst ongoing legal challenges against Etana Custody.

user avatarEmily Carter

Input Output Submits Treasury Proposals for Cardano's Future Development

chest

Input Output has submitted nine treasury proposals for community review, focusing on scalability and decentralization as part of Cardano's 2030 vision.

user avatarRajesh Kumar

Charles Hoskinson Defends Cardano's Focus on Governance Amid Scaling Criticism

chest

Charles Hoskinson defends Cardano's focus on governance amid criticism of scaling priorities.

user avatarLucas Weissmann

In-Depth Analysis of BTCUSD Chart on Tradingview

chest

In-Depth analysis of the BTCUSD chart on Tradingview, providing insights into Bitcoin's market performance for informed trading decisions.

user avatarFilippo Romano

Payward Sues Etana Custody Over Alleged Misappropriation of Client Funds

chest

Payward, the parent company of cryptocurrency exchange Kraken, has filed a lawsuit against Etana Custody and its CEO, alleging misappropriation of over $25 million in client funds.

user avatarTomas Novak

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.