Worldcoin’s team assures that its operations are fully compliant with the laws and regulations of the countries where the coin is available. In a recent post, the Worldcoin team emphasized their commitment to adhering to industry legislation such as the European General Data Protection Regulation (GDPR) and the Argentine Law on the Protection of Personal Data.

The team at Worldcoin maintains that the project is transparent and does not share biometric data collected during user verification. The iris scan data is used solely for authentication purposes.

Recently, Worldcoin experienced a 10% decrease in the value of its native token, WLD, following a 42% spike in response to Sam Altman rejoining the OpenAI board. The token’s price dropped by 9.6% over the past week, despite a 40% increase over the last month.

Despite Worldcoin’s efforts to appeal a ban on its activities in Spain, the company’s appeal was denied. The Spanish regulator cited concerns over the use of biometric data and the potential impact on individuals’ rights. Worldcoin has also faced regulatory challenges in other countries like Germany, France, South Korea, and Kenya.

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