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

Wikimedia Foundation Debates Acceptance of Cryptocurrency Donations Over Environmental Concerns
Wikimedia Foundation Debates Acceptance of Cryptocurrency Donations Over Environmental Concerns Following Mozilla’s decision to pause crypto donations due to environmental c
Serbia Reviews License Applications From 3 Cryptocurrency Exchanges
Serbia Reviews License Applications From 3 Cryptocurrency Exchanges Three crypto exchanges have applied for licensing in Serbia, which recently adopted legislation regulating its d
Solana Bullish Pattern Holds – Crypto Analyst Sets $202 Target
Este artículo también está disponible en español. Solana is showing strength as it pushes above the critical $171 level—a price that previously acted as supply and now
Russian Government Approves Plan to Regulate Cryptocurrency
Russian Government Approves Plan to Regulate Cryptocurrency The federal government in Moscow has adopted a concept for regulating the Russian crypto space as early as this month. T
Tornado in the Coal Mine — How Globalists Plan to Penalize Privacy and the Poor
Tornado in the Coal Mine — How Globalists Plan to Penalize Privacy and the Poor No privacy. No property. No prosperity. If you follow the news, you’ve seen the trend
About 90% of Bitcoin Investors Worried About Fate of Their Assets After Death: Study
About 90% of Bitcoin Investors Worried About Fate of Their Assets After Death: StudyNearly 90% of cryptocurrency investors worry about what will happen to their assets after they di
Tim Draper’s Venture Studio to Triple-Down on Blockchain Projects With a $25M Fund
Tim Draper"s Venture Studio to Triple-Down on Blockchain Projects With a $25M FundAt the LA Blockchain Summit, the blockchain and fintech venture studio Draper Goren Holm announced
Total Value Locked Across Multiple Defi Chains Nears $200 Billion — Ethereum’s TVL Dominance 69%
Total Value Locked Across Multiple Defi Chains Nears $200 Billion — Ethereum"s TVL Dominance 69% While the crypto economy has seen a decent uptick in performance during the first
TON is paving a path to the future for crypto
Tim Delhaes1 hour agoTON is paving a path to the future for cryptoTON"s integration with Telegram has made it easier for users to use crypto to pay for goods and services — without realizing it involves blockchain.271
Close to $50 Million in Bitcoin From 2011 Moved for the First Time in 10.5 Years
Close to $50 Million in Bitcoin From 2011 Moved for the First Time in 10.5 Years On December 29, two addresses from 2011 containing 500 bitcoin each transferred 1,000 coins for the
What is Toncoin (TON), and how to buy it?
Dilip Kumar PatairyaJun 22, 2024What is Toncoin (TON), and how to buy it?Toincoin is a cryptocurrency that uses advanced blockchain technology to ensure efficiency and anonymity while enabling quick, safe transactions.19
FSB will standardize global incident reporting for institutions with crypto
Derek Andersen4 hours agoFSB will standardize global incident reporting for institutions with cryptoThe proposed reporting format is part of the international agency’s support for the G20 crypto asset roadmap adopted l