• 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

Online Backlash Against Trump's Threats to Iran

chest

Online backlash against Trump's threats to Iran has emerged, with criticism from economist Peter Schiff and podcaster Peter McCormack regarding the potential impact on US-Iran relations.

user avatarJesper Sørensen

Odds of US Invasion of Iran Rise to 63 Following Trump's Comments

chest

The odds of a US invasion of Iran have surged to 63 on the Polymarket prediction platform after comments made by President Donald Trump on social media.

user avatarRajesh Kumar

XRP Price Set for Breakout After 59 Days of Consolidation

chest

Analysts suggest XRP is nearing a decisive move after a prolonged period of price consolidation.

user avatarEmily Carter

Taurox Launches PreKYA Registration for AI Trading Agents

chest

Taurox has opened the PreKYA Registration Table ahead of schedule, allowing developers, quants, and AI builders to submit their trading agents before the full system launches.

user avatarLucas Weissmann

Ripple Partners with Convera for Cross-Border Payments

chest

Ripple has announced a major partnership with Convera to enhance cross-border payment solutions using RLUSD on the XRP Ledger.

user avatarFilippo Romano

Delta Air Lines Earnings Report to Highlight Fuel Cost Impact

chest

Delta Air Lines is set to release its quarterly earnings report, which will highlight the effects of increased jet fuel expenses.

user avatarKaterina Papadopoulou

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.