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Tools for Humanity Corporation, Worldcoin's parent company, has reached an agreement with the Spanish Agency for Data Protection (AEPD) to stop its operations until the end of 2024.
Tools for Humanity, the technology company behind the eyeball-scanning crypto startup Worldcoin, agreed not to resume operations in Spain until the end of this year. This was revealed by the Spanish Data Protection Agency (AEPD) in a June 4 press statement.
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 Spanish Agency for Data Protection (AEPD) has halted Worldcoin's operations in Spain. The agency declared that Tools for Humanity Corporation, which manages Worldcoin, agreed to cease collecting and processing personal data until the end of 2024, pending ongoing investigations into its data handling practices.
Worldcoin suspends operations in Spain until year-end or until German Data Protection Agency concludes investigation, following AEPD's order to halt data collection.
Worldcoin agrees to suspend activities in Spain until the end of the year or until a resolution is reached by the German data authority in ongoing data protection investigations.
World ID orb verifications are now available in the Colombian cities of Bogotá and Medellín. A central component of Worldcoin, World ID is “a digital humanness passport that enables individuals to securely prove they are a unique human for a growing number of applications.
Worldcoin, the iris-scanning biometric proof-of-personhood project, announced on Thursday the launch of its operations in Colombia. Via social media, the project reported that eye-scanning operations were already available in Bogota and Medellin, for World ID users. Currently, only ten locations with orbs (iris scanning machines) are available, six in Bogota and four in Medellin.
Worldcoin introduces World ID orb verifications in Colombia, gaining support for proof of humanness.
World Assets Ltd. extends loan agreements with trading firms, maintaining 10M WLD in circulation until June 2025.
Worldcoin extends loan agreement with five entities until June 14, 2025, preserving circulating supply.
Worldcoin's chart showed that a breakout above the $6.2 level could steer a new uptrend.
Telegram-linked cryptocurrency Notcoin (CRYPTO: NOT) and Sam Altman-founded Wordlcoin (CRYPTO: WLD) raked in major gains on a day when market heavyweights slipped lower. What Happened: NOT accumulated double-digit gains to emerge as the best-performing cryptocurrency in the last 24 hours.
The Worldcoin team's efforts to win over world leaders continues as the project aims to improve its image.
Worldcoin (WLD) price is currently stuck moving sideways, as the altcoin is awaiting a push upward.
World coin stands as a pioneering force, spearheading a paradigm shift towards a global financial and identity network based on “proof of personhood.” Founded by Sam Altman, also CEO of Open AI, World coin's innovative approach to identity verification leverages biometric data to create a decentralized ecosystem.
Regulators across the world are banning Worldcoin, which collects biometric data for a small payment of its native cryptocurrency.
The PCPD noted that Worldcoin's practices violated Hong Kong's data protection principles.
The Worldcoin Foundation expressed disappointment with Hong Kong regulatory authorities' recent ban, emphasizing its commitment to lawful operation and data privacy compliance.
Universal based income Worldcoin cops a lot of flak for its absurdly high fully-diluted value: nearly $49 billion compared to a market cap of $1 billion.
Worldcoin project aims to redefine global identity and financial inclusion using biometric verification and blockchain technology.
The Worldcoin Foundation expressed disappointment over Hong Kong authorities' decision to ban its data collection efforts due to alleged privacy violations, according to a May 23 statement shared with CryptoSlate. On May 22, Hong Kong's Office of the Privacy Commissioner for Personal Data (PCPD) halted Worldcoin's data collection activities in the region.
The Hong Kong privacy regulator has ordered Worldcoin to stop collecting biometric data, citing unnecessary and excessive privacy violations. This is a significant setback for the global identity project.
Worldcoin (WLD) is currently experiencing a challenging phase, with its price action reflecting a bearish to neutral outlook.
