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Welcome to Latam Insights, a compendium of Latin America's most relevant crypto and economic news during the last week. In this issue: the Brazilian stock exchange will offer bitcoin futures contracts, Paraguay advances measures to curb illegal bitcoin mining operations, and Worldcoin gets a legal victory in Chile.
In the realm of cryptocurrencies, Worldcoin is making headlines with its staggering transaction volume surpassing the billion-dollar mark. As the token powering the Worldcoin project, WLD stands at the forefront of the cryptocurrency landscape, boasting the highest number of holders on the Optimism network.
A battle between technological advancement and data privacy is brewing around Worldcoin, a project offering digital identity and cryptocurrency in exchange for iris scans. While Ethereum co-founder Vitalik Buterin applauds Worldcoin's efforts to strengthen privacy measures, Portugal's data regulator has thrown a wrench into the program by halting biometric data collection for 90 days.
Worldcoin emerges as a beacon of innovation within the Optimism Network. Boasting impressive metrics such as an average weekly transaction volume exceeding 1 billion and a growing user base of over 2.5 million holders, Worldcoin has garnered widespread attention and acclaim.
The last week of March has come to an end with the tag of one of the best-performing weeks for this year. Bitcoin has gained support near the $70,000 mark, whereas Ethereum has support near the $35k.
Vitalik Buterin endorses Worldcoin's privacy strategies amid widespread scrutiny over iris scanning technologies.
Data showed that Worldcoin records an average weekly transaction volume of over $1 billion.
World App Support acknowledges longer processing times for grant funds during peak blockchain traffic.
Ethereum co-founder Vitalik Buterin has praised Worldcoin's effort to enhance data privacy amid recent global regulatory challenges. In a March 29 post on social media platform X, Buterin acknowledged Worldcoin's commitment to addressing privacy concerns by significantly reducing the data required in its system.
Vitalik Buterin, the co-founder of Ethereum, recently praised Worldcoin for its dedication to tackling privacy concerns and reducing data usage in its system. This recognition comes when Worldcoin is under regulatory scrutiny, especially in Europe, over data privacy issues.
Portugal has imposed a temporary halt on Sam Altman's WorldCoin from collecting biometric data.
Ethereum co-founder Vitalik Buterin has showered accolades on Worldcoin (WLD), the embattled biometric technology startup co-founded by OpenAI CEO Sam Altman.
Sam Altman's iris biometric crypto project Worldcoin under scrutiny from regulators and governments around the world, especially in Europe due to data privacy concerns. Despite being under the cloud, Worldcoin has received support from crypto community and now from Ethereum co-founder Vitalik Buterin, who earlier pointed out multiple issues in Worldcoin's identity system.
Ethereum co-founder Vitalik Buterin praised Worldcoin's efforts to address privacy concerns by minimizing data collection.
Portugal's Regulatory Intervention: The CNPD's decision to halt World coin's biometric data collection underscores the escalating concerns surrounding data privacy and protection in emerging technologies. The regulator cited significant risks to citizens' data rights, and particularly highlighting the concerns regarding an unauthorized data collection from minors and the absence of transparent consent mechanisms.
The National Data Protection Commission (CNPD) in Portugal has issued a statement announcing the temporary restriction on Worldcoin's collection of biometric data through its Orb devices within the country.
Understanding the Legal Roadblock: Portugal's data regulator, the Comissao Nacional de Proteccao de Dados (CNPD), has raised concerns regarding Worldcoin's iris-scanning biometric data collection initiative within the country. The CNPD has imposed a temporary suspension on Worldcoin's data collection activities for a period of 90 days.
Portugals data regulator orders Worldcoin to halt biometric data collection, citing privacy risks. Worldcoin faces scrutiny over data practices.
The move means that Sam Altman's controversial biometrics venture has been almost entirely kicked out of Europe.
Portugal's data protection authority ordered the Worldcoin Foundation to stop collecting biometric data through the "Orb" device.
The world's largest crypto exchange Binance on Friday said it is listing new borrowable and collateral assets on cross margin and new trading pairs on cross and isolated margin. Binance is adding new FDUSD, USDT, and USDC pairs for some top cryptocurrencies including Dogecoin (DOGE), Shiba Inu (SHIB), Chainlink (LINK), Pepe Coin (PEPE), Sui, Worldcoin (WLD),
Portugal's National Data Protection Commission (CNPD) said on March 26 that it will ban Worldcoin from collecting biometric data for three months. The CNPD said that the limitations apply for 90 days until an investigation is concluded and a final decision is reached.
In a recent development, Portugal's data regulator, the National Commission for the Protection of Data, also known as the CNPD, has issued an order to stop Sam Altman's iris scanning project, Worldcoin, from collecting biometric data for 90 days. Worldcoin's Compliance Under Fire According to a Reuters report, the CNPD's suspension specifically targets the Worldcoin Foundation, a memberless entity based in the Cayman Islands, described on its website as the sole member and director of World Assets Ltd, a company registered in the British Virgin Islands responsible for issuing Worldcoin tokens to sign-up participants.
Portugal's data protection authority, CNPD, has issued a directive to halt Worldcoin's biometric data collection for a 90-day period. This decision targets the project's use of “orb” devices to scan individuals' faces in exchange for a digital ID and cryptocurrency, citing concerns over data protection rights.
