• 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

Crypto Analyst Predicts Ethereum Price Targets for Next Bull Run

chest

Crypto analyst Crypto Patel predicts Ethereum price targets ranging from $5,000 to $60,000, suggesting significant gains in the upcoming bull market.

user avatarTomas Novak

Market Sentiment Expected to Shift in Coming Weeks

chest

Crypto analyst Killa predicts a significant turning point in market sentiment within the next 12 weeks.

user avatarKaterina Papadopoulou

White House Report Downplays Stablecoin Yield Concerns

chest

White House report downplays concerns about stablecoin yields, potentially benefiting Ripple and XRP.

user avatarMaya Lundqvist

RLUSD's Movement Signals a Shift in Global Trading

chest

RLUSD's movement onto Ethereum signifies a transformative shift in global trading mechanics, acting as a bridge asset between Ethereum and XRP Ledger.

user avatarLeo van der Veen

Binance Offers Temporary Relocation to UAE Employees Amid Regional Tensions

chest

Binance has offered its employees in the UAE the option to temporarily relocate due to ongoing regional tensions.

user avatarLi Weicheng

James Wynn's Trading Account Plummets Amid Market Recovery

chest

Popular trader James Wynn's Bitcoin trading account has plummeted from nearly 100 million in profits to less than 1000 due to high-leverage trading and market volatility.

user avatarAisha Farooq

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.