Fantom (ftm) 
Worldcoin’s Data Protection Officer, Jannick Preiwisch, has addressed the recent ban imposed by the Spanish Data Protection Agency on the project’s activities in Spain.
On Mar. 6, the Spanish Data Protection Agency (AEPD) instructed Worldcoin to halt data collection and processing for up to three months due to various complaints. These complaints included concerns about insufficient information provided to users, data collection from minors, and issues related to withdrawing consent.
Worldcoin, a digital ID cryptocurrency project founded by OpenAI CEO Sam Altman, faced a temporary ban in Spain due to worries about the collection and processing of biometric data using the company’s eyeball-scanning technology.
Key Points:
- Worldcoin’s World ID requires users to scan their irises to generate a unique form of identification and access the Worldcoin cryptocurrency.
- The AEPD directed Tools for Humanity, the company handling data collection, to cease gathering new data in Spain and stop using existing data collected by Worldcoin.
- Privacy experts have raised concerns about potential misuse of collected data by Worldcoin for personalized marketing purposes.
In response to the ban, Jannick Preiwisch, the Data Protection Officer at the Worldcoin Foundation, expressed the company’s willingness to clarify any misconceptions. He emphasized the importance of providing accurate information about Worldcoin and its technology.
“It is unfortunate that the Spanish data protection authority (AEPD) is circumventing established procedures under GDPR with their actions today, which are limited to Spain and not the broader EU.”
Preiwisch also highlighted the company’s efforts to engage with the AEPD to address concerns surrounding Worldcoin’s technology and data processing practices.
Despite facing regulatory challenges in Spain and Kenya, Worldcoin continues to navigate controversies related to privacy, marketing ethics, and security vulnerabilities. The project’s response to these challenges will shape its future trajectory in the cryptocurrency market.
As of the latest update, WLD is trading at $7.20, marking an 8% increase in price over the past 24 hours.
For more updates and news on cryptocurrency developments, explore Global Crypto News.
