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Crypto Updates

Spain Orders Worldcoin (WLD) To Stop Collecting Data After Receiving Several Complaints

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The government of Spain is ordering human identity-focused crypto project Worldcoin (WLD) to stop collecting data in the nation after receiving numerous complaints from customers.

In a new press release, the Spanish Data Collection Agency (AEPD) is mandating that Worldcoin stop collecting personal data after getting multiple complaints that its data-gathering process infringed upon users.

Furthermore, the AEPD says that it will block data already collected by the eye-scanning digital identification project.

“The Spanish Data Protection Agency has ordered a precautionary measure against Tools for Humanity Corporation so that it ceases the collection and processing of personal data being carried out in Spain in the framework of its Worldcoin project, and to block the data already collected.

The AEPD has received several complaints against this company about insufficient information, the collection of data from minors and the fact that consent cannot be withdrawn, among other infringements.”

Late last year, Worldcoin – co-founded by Sam Altman, the chief executive of OpenAI – had its operations paused in the nations of Brazil, India and France, causing its price to plummet by 20% at the time.

Earlier this month, billionaire and business magnate Elon Musk filed a lawsuit against Sam Altman and OpenAI, claiming that the firm breached its founding agreement.

According to the lawsuit, Altman first pitched OpenAI to Musk in 2015. Musk agreed and began funding and recruiting for the firm. However, OpenAI was later bought out by Microsoft, which allegedly breached the original agreement.

As stated in the lawsuit,

“Contrary to the founding agreement, Defendants have chosen to use GPT-4 not for the benefit of humanity, but as proprietary technology to maximize profits for literally the largest company in the world.

Further, OpenAI’s entire development is now veiled in secrecy and the public only has rumors and isolated fragments of communications to understand what may be released next.”

Worldcoin is trading for $7.08 at time of writing, a 1.75% increase during the last 24 hours.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin,…

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