Spain Suspends Worldcoin Operations

Spanish authorities have decided to temporarily halt Worldcoin's data collection through the "Orbs" eye-scanning sphere due to privacy risks associated with citizens' personal information.

Azcnews Breaking

According to the Financial Times, Spain’s data protection authority, AEPD, has requested Worldcoin – a project involving “eye scan” identification founded by OpenAI CEO Sam Altman – to immediately halt all data collection activities in the country through its “Orbs” spheres, and cease the use of data they had previously collected.

AEPD expressed concerns about the risks posed to users by Worldcoin’s “eye scan” technology, especially for minors. The regulatory body plans to announce “preventive measures” and give the project 72 hours to comply with the request.

Worldcoin (WLD) is a cryptocurrency project launched in 2021 by Sam Altman – who also holds the position of CEO at OpenAI, the company behind AI tool ChatGPT.

Worldcoin utilizes blockchain technology to establish a digital identification system called World ID – akin to a global digital passport. Upon registering an account and scanning their eyes with an Orb, users obtain a World ID and receive 25 free WLD tokens, the project’s native token. With its bold idea and the allure of “free money,” the project quickly attracted a large number of users who lined up to “sell” their personal data.

Worldcoin has garnered media attention and drawn in a significant number of users in Spain who queued up at booths in major shopping centers.

This news marks the latest blow to the ambitions of ChatGPT’s CEO Sam Altman, following a series of controversies in other parts of the world such as Kenya, India, Brazil, France, Germany, and the UK… due to the “eye scan” method. Most recently, 6 Worldcoin stores are under investigation by the Hong Kong authorities on suspicion of potential violations of user data privacy laws.

Data regulators view eye scans as a form of biometrics, similar to fingerprints, capable of containing sensitive data. Therefore, eye scanning is a data collection activity that may pose significant inherent risks and needs to comply with national data protection regulations.

However, legal barriers have not deterred Worldcoin’s progress, as the project continues to enhance its product. Worldcoin has been continuously upgrading its technology with “World ID 2.0,” and subsequently, its parent company OpenAI also launched Sora, a tool for creating videos from text, contributing to a surge in user registrations by over 4 million users, leading to WLD tokens peaking at $9.4.

Related: Worldcoin’s Office in Hong Kong is Under Investigation

WLD chart after Worldcoin suspension

At the time of writing, WLD is trading around $7.3, representing an increase of approximately 300% compared to $2.2 just one month ago.

Chart Worldcoin

WLD/USDT chart on Tradingview at 08:13 AM on March 7, 2024.

5.0/5

(11 votes)
  1. Avatar of Hassan Ali
    Hassan Ali

    Good job keep it

  2. Avatar of Robina Raza
    Robina Raza

    Great job 👏
    AZcoiner

  3. Avatar of Abdul Rosheed
    Abdul Rosheed

    Yes

  4. Avatar of Appiah
    Appiah

    Very good

    • Avatar of Ron
      Ron

      They discriminate countries only choosing most advanced ones

  5. Avatar of
    Anonymous

    Nice!!

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest

Binance Announces Mew Memecoin Listing On Binance Futures

Editor Choice | Altcoin

Binance Announces MEW Memecoin Listing on Binance Futures

Binance Exchange Announces Listing of Cat in a Dogs World (MEW) - A Memecoin Developed on Solana, on Binance Futures.

Azcnews Eth Drops Sharply As Whales Increase Accumulation

News | Altcoin | Editor Choice

ETH Drops Sharply as Whales Increase Accumulation

Ethereum whales have accumulated substantial amounts of ETH over the past few days. Despite these developments, the price has remained stagnant.

How To Receive Notcoin (not) On Bingx

Airdrops | Editor Choice

How to Receive Notcoin (NOT) on BingX

The cryptocurrency exchange BingX is excited to announce the listing of Notcoin (NOT) on its platform. In celebration of this listing, BingX is launching a Notcoin rewards program with a massive total prize pool of 2,500,500 NOT.

Azcnews Bitcoin Drops To $65,000 Despite Positive Indicators

News | Bitcoin | Editor Choice

Bitcoin Drops to $65,000 Despite Positive Indicators

Bitcoin's price has dropped nearly 5% over the past seven days. Most metrics and market indicators suggest that this downward trend is likely to continue.

Guide To Participate In The Beacon Airdrop

Editor Choice | Airdrops

Guide to Participate in The Beacon Airdrop

The Beacon is a fantasy-themed roguelite role-playing game developed on Arbitrum. The Beacon has confirmed that it will conduct an airdrop for the community through various missions. Join the AZCNews team in participating in The Beacon Airdrop today!