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
Institutional Adoption Could Propel XRP Price to $8

Institutional adoption is seen as a key factor that could drive XRP's price to $8, especially after the SEC lawsuit settlement.

Settlement of SEC vs Ripple Lawsuit Boosts XRP Investor Sentiment

The settlement of the SEC lawsuit against Ripple in 2025 has led to increased investor confidence and a rise in XRP's price.

Trump Media Technology Group Reports Significant Financial Losses

Trump Media Technology Group reports a net loss of over $700 million due to volatility in digital assets.

Trump Media Technology Group Plans Potential Spinoff of Truth Social

Trump Media Technology Group is considering spinning off its social media platform, Truth Social, into a separate publicly traded company due to significant financial losses.

Ethereum Spot ETFs Break Negative Streak with Positive Inflows

Ethereum Spot ETFs have recorded their first positive inflows in six weeks, totaling 804.6 million, ending a five-week negative streak.

Bitcoin Shows Signs of Short-Term Rebound Amid Ongoing Market Analysis

Bitcoin shows signs of short-term rebound with increased buying momentum and liquid supply on Binance.

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