Fun

Spanish court denies Worldcoin’s injunction request against regulator

News Feed - 2024-03-12 06:03:44

David Attlee14 hours agoSpanish court denies Worldcoin’s injunction request against regulatorSam Altman’s company will have to freeze its operations in Spain for the next three months.4174 Total views4 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksWorldcoin, a “globally inclusive identity and financial network” founded by OpenAI CEO Sam Altman, has failed to defend its operation in Spain through legal action. The company filed an injunction against the local regulator’s order to cease data collection in the country, but the court declined to grant it. 


On March 6, the Spanish Data Protection Agency (AEPD) issued a temporary order prohibiting Worldcoin from data collection in the country for three months. The AEPD intends to use this period for investigating complaints that users in Spain aren’t able to withdraw consent and that Worldcoin has allegedly collected data from minors.


Worldcoin, however, didn’t accept the allegations. It sent Cointelegraph a statement, accusing the AEPD of “circumventing EU law spreading inaccurate and misleading claims” and failing to respond to the company’s letters for months.


Related: Worldcoin integrates with Shopify, Mercado Libre, Minecraft, Reddit and Telegram


On the same day, March 6, after freezing its operations in Spain, Worldcoin’s parent company, Tools for Humanity, filed a suit against the AEPD’s order. A motion to suspend the regulator’s order was presented before the Contentious-Administrative Chamber of the Superior Court of Justice of Spain. According to Worldcoin’s representatives, the AEPD’s ban contradicts the “applicable European Union legislation,” including the European General Data Protection Regulation (GDPR).


According to t TechCrunch report, on March 11, the Supreme Court of Spain denied Worldcoin’s injunction request, reiterating the priority of “safeguarding of public interest.” The court has also doubted the quality of information that Worldcoin provided about the consent of its data donors.


Spain isn’t the first country where Worldcoin has faced pressure from regulators. In January 2024, Hong Kong’s Office of the Privacy Commissioner for Personal Data (PCPD) announced an investigation into the company’s local operations, citing “serious risks to personal data privacy.” Before that, its services were suspended in Kenya and India.


The controversy surrounding Worldcoin stems from its use of biometric scanning devices called “orbs.” Worldcoin users sign up for the service by downloading an app. They are then directed to the nearest facility containing an orb, where they must submit to have their eye scanned. Once verified, user identities are tied to their unique biometric data, which can be verified independently using Worldcoin’s services. Those who sign up for the service and activate their accounts in the World App application are paid using Worldcoin’s WLD token.# Spain# Worldcoin# Regulation# OpenAIAdd reactionAdd reaction

News Feed

Bill Aims to Limit Crypto Mining in Kazakhstan Only to Registered Companies
Bill Aims to Limit Crypto Mining in Kazakhstan Only to Registered Companies New legislation proposed in the parliament of Kazakhstan will allow only authorized miners to mint digit
Cointelegraph Accelerator14 hours agoFantasy football game on Telegram: Fanton joins Cointelegraph AcceleratorFanton brings blockchain-based fantasy football to Telegram thanks to the IM service’s recent integration wi
Insurance Company Sued for Refusing to Cover $7.5 Million Bitcoin Ransom Payment
Insurance Company Sued for Refusing to Cover $7.5 Million Bitcoin Ransom Payment A British jeweler has sued its insurance company for refusing to cover a bitcoin ransom payment of
Alabama Securities Regulator Shuts Down 97 Fraudulent Cryptocurrency Trading Websites
Alabama Securities Regulator Shuts Down 97 Fraudulent Cryptocurrency Trading Websites The securities regulator of the U.S. state of Alabama has issued a cease and desist order agai
BTC price eyes $73K next as Donald Trump endorses right to use Bitcoin
William Suberg7 hours agoBTC price eyes $73K next as Donald Trump endorses right to use BitcoinBitcoin sets a liquidation battle to hit $73,000 for the first time in a blockbuster start to the week’s Wall Street tradin
Top Fed Official Says US Central Bank ‘Actively’ Debating Digital Dollar
A top Federal Reserve official said Wednesday that the U.S. central bank is “actively looking at and debating” issuance of a digital currency, amid growing worries among current and former regulators that the
New Study Says BTC Outperformed Both S&P 500 and Nasdaq in September
New Study Says BTC Outperformed Both S&P 500 and Nasdaq in September Despite seeing a 3.11% drop in value in September, bitcoin still outperformed both the S&P 500 and Nasdaq, the
Bank of Spain Has Registered 17 Crypto Companies, Big Names Still Missing
Bank of Spain Has Registered 17 Crypto Companies, Big Names Still Missing The Bank of Spain has already included 17 virtual asset service providers in its own registry, in which cr
Bitcoin price advance toward $68K sets a bullish path for SOL, ICP, GRT and BONK
Rakesh Upadhyay3 hours agoBitcoin price advance toward $68K sets a bullish path for SOL, ICP, GRT and BONKSolid inflows into spot Bitcoin ETFs reflect investors" bullish sentiment, and this could push SOL, ICP, GRT and B
Namibian Central Bank: Virtual Assets ‘Remain Without Legal Tender Status’ but Merchants Can Still Accept Them as Payment
Namibian Central Bank: Virtual Assets "Remain Without Legal Tender Status" but Merchants Can Still Accept Them as Payment The Bank of Namibia recently said it has brought virtual a
Over 75% of Web3 games ‘failed’ in last five years: CoinGecko
Brayden Lindrea8 hours agoOver 75% of Web3 games ‘failed’ in last five years: CoinGeckoThe “failed” blockchain games are those that have seen their 14-day moving average number of active users down more than 99%
Decentralized Finance Protocols Flounder as Value Locked in Defi Shed More Than 25% Since FTX Collapsed
Decentralized Finance Protocols Flounder as Value Locked in Defi Shed More Than 25% Since FTX Collapsed On December 12, 2022, the total value locked (TVL) in decentralized finance