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Spain extends ban on Worldcoin (WLD) project

The Spanish regulator has just confirmed the continued ban on the Worldcoin (WLD) project in the country. In Spain, as elsewhere in Europe, Sam Altman's controversial project has fallen out of favor. The reason is no longer a secret!

The Worldcoin (WLD) project is banned in Spain until the end of the year

Three months ago, Spain has decided to ban The iris verification project, Worldcoin, started by Sam Altman. The Spanish Data Protection Agency (AEPD) has considered the processing of biometric data controversial. While biometric data is considered very sensitive and subject to stricter regulations.

Worldcoin collects iris scans. The company has sent its “ORB” application, i.e. its collection tool, to all regions of the world. It faced numerous regulatory restrictions.

According to the Spanish Data Protection Agency (AEPD), She stood up WorldCoin collects data from minors, which is prohibited. Furthermore, it was impossible at this stage to withdraw consent to the use of the data.

👈Read more: What is the Worldcoin project? Single Encryption Project Guide

Since then, WorldCoin has modified some operations to comply with regulatory requirements. Since last April, iris scans can be removed upon request. But this is not enough for the Spanish agency: it extends Worldcoin ban In circulation for several months.

The reason is that the regulatory agency responsible for reviewing the project needs more time. However, a press release from Worldcoin states that the company is fully cooperating:

“Tools for Humanity, a shareholder of Worldcoin, has voluntarily offered to extend the temporary moratorium on Worldcoin Orb's operations in Spain. “This allows BayLDA in Bavaria, which is the primary competent authority responsible for overseeing Worldcoin’s GDPR compliance globally, to complete its audit.”

Europe in general is not particularly open to Worldcoin. Several countries have banned the project's network analyzes while deciding how to regulate this relatively new technology. This is the case of Portugal, which imitated its neighbor by stopping the collection of biometric data last March. In France, the National Commission for Information Technology and Liberties (CNIL) has also revealed its fangs.

👈Read more: $130M Profits Expected for WLD Holders as Consolidation Continues

Despite all this, Worldcoin is moving forward and currently declaring its willingness to follow the rules… while lamenting the lack of more freedom, if the latest statement is to be believed:

“It is regrettable that the Spanish data protection authority (AEPD) circumvents the measures established under the General Data Protection Regulation (GDPR) with its current procedures, which are limited to Spain and not the European Union as a whole. “It is also unfortunate that they are spreading inaccurate and misleading claims about our technology on a global scale. »

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Najma obtained a master's degree in applied statistics and econometrics before gaining significant experience in data analysis and business development. She is interested in the field of financial technologies (FinTech), Blockchain, Web 3, artificial intelligence as well as the crypto-asset market and its derivatives. Najma has participated in many global crypto industry events and events. She has also interviewed many celebrities and industry moguls.




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