TL;DR
- The company Worldcoin has suspended its operations in Spain due to data protection investigations.
- The suspension will remain in effect until the end of the year or until a final resolution is reached by the German data protection authority.
- Worldcoin has recently reached 10 million users and 70 million transactions.
The controversial human identity and finance company, Worldcoin, continues to generate controversy in Europe. After the order of the Spanish Data Protection Agency (AEPD) to stop the collection and processing of personal data in Spain, WLD has decided to suspend its operations in the Iberian country. The measure will be in effect until the end of the year or until a final resolution is reached by the Bavarian Data Protection Authority (BayLDA) in Germany, a country with which it is also in conflict.
The AEPD supported its suspension order based on the General Data Protection Regulation (GDPR), addressing the importance of safeguarding the rights and freedoms of data subjects. The National Court ratified this provisional measure, prioritizing the protection of the right to privacy of individuals over the particular interests of the company.
Meanwhile, the ongoing investigations by the BayLDA in Germany are progressing rapidly. It is expected that these will culminate soon, with a final decision that is consistent and consistent with the European supervisory authorities. Worldcoin’s compliance with not resuming its operations in Spain until a final resolution is reached seeks to create an image of cooperation and transparency.
Worldcoin: A Target for Questions
However, it is important to understand that this project is being so questioned because the collection of biometric data can be a great risk to privacy and a possible driver of the misuse of users’ personal data, either by a decision of the company itself that culminates in violating the rights of its users or because its security, which is highly questioned, is compromised. On the other hand, its financial viability has also been severely questioned.
In response to the concerns raised by the authorities, WLD has implemented several changes in its operation. Additional controls have been introduced to verify the age of users, as well as the possibility of deleting biometric data, such as the iris code. These measures seek to give the company a facelift, which continues to be subjected to constant audits.
The company continues to expand its reach wherever it is allowed and its user base continues to grow. It has recently reached 10 million users and 70 million transactions. In addition, it is moving forward with the launch of its own human-centric blockchain, World Chain.
