South Korea fines Worldcoin for violating personal protection laws

Despite the regulatory hurdles, the projects WLD token surged 35% this week, from $1.60 on Sept. 19 to $2.16 on Sept. 26.

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Elon Musks X suspends data collection for AI training, EU watchdog says

After proceedings in an Irish court, the local Data Protection Commission said X agreed to suspend processing the personal data of EU users to train its AI system.

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Hong Kong issues generative AI guidelines for consumer protection

The HKMA has introduced new principles for using generative AI, emphasizing governance, transparency and data protection in consumer-facing applications.

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Compound Finance site potentially breached ZachXBT

Crypto investigator ZachXBT has warned users to avoid the Compound Finance website, which appears to have been hijacked and may be redirecting visitors to a phishing site.

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Worldcoin suspends Spanish operations amid data protection probe

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.

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Worldcoin Faces Investigation by Germany's Regulator

The Bavarian State Office for Data Protection Supervision has initiated an investigation into the Worldcoin crypto project, a new initiative that requires users to provide iris scans in exchange for a digital ID and potentially free cryptocurrency, according to Reuters. (Read More)

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Kenyan Data Regulator Issues Warning as Residents Rush to Get Worldcoin’s ‘Free Money’

The Kenyan data regulator said it is conducting an “assessment of Worldcoin’s practices to ensure compliance with the law.” The data regulator has urged “increased vigilance” by Kenyans who are signing up to receive Worldcoin’s “free money.” Immaculate Kassait warned of the consequences to token recipients and issuers should the data regulator fail to ensure [...]

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ChatGPT Ban Lifted in Italy

Italy's data protection agency banned OpenAI's ChatGPT chatbot in March 2023 for allegedly violating GDPR. The ban was lifted in April after the company complied with the regulator's transparency demands and implemented age-gating measures. (Read More)

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Report: French Privacy Regulator Probes Worldcoin’s Biometric Data Practices

The French oversight agency, National Commission on Informatics and Liberty (CNIL), has raised doubts about the legality of Worldcoin’s biometric data collection methods. Besides questioning the legitimacy of its data acquisition processes, CNIL is also delving into how this biometric data is stored. Notably, Worldcoin has collected this data for over two million registrants who [...]

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Top 7 legal and compliance jobs in the crypto market

Explore essential skills for top legal and compliance jobs in the crypto market.

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Solana Labs’ ChatGPT plugin allows AI to fetch blockchain data

The plugin will allow the AI chatbot to check wallet balances, transfer tokens and purchase NFTs when OpenAI makes plugins more widely available.

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How decentralized identities can save us from surveillance capitalism in Web3

The dawn of the metaverse raises new questions about user protection and data-driven advertising.

The post How decentralized identities can save us from surveillance capitalism in Web3 appeared first on CryptoSlate.

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Italy fines OpenAI $15M over data protection, privacy breaches

Italys privacy watchdog ordered OpenAI to conduct a six-month public awareness campaign to promote how ChatGPT collects and uses data.

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Telegram to open an office in Kazakhstan, boost regulatory compliance

Telegrams agreement to set up an office in Kazakhstan aligns with the firms increasing compliance efforts as its CEO remains in France amid an ongoing investigation.

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Argentina Opens Probe Into Worldcoin Personal Data Treatment Procedures

The government of Argentina informed it had opened an investigation into the data collection activities that Worldcoin is executing in the country. The Public Information Access Agency (AAIP), the data comptroller in the country, sent a letter to the Worldcoin Foundation requesting information about how the personal data of Wordcoin users is treated. Argentina to [...]

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India Inches Closer To Implement Controversial Data Privacy Standards

India’s contentious Digital Personal Data Protection Bill 2023 got the go-ahead signal from the lower house of Parliament and is now pending approval in the upper house. The bill, the product of over five years of negotiations between the government, technology entities, and representatives of civil society, lays out the rules for how businesses and […]

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Kenyan Government Says It Has ‘Suspended’ Worldcoin Activities

The Kenyan interior ministry said on Aug.2 that Worldcoin’s activities in the country have been “suspended” in order to give government agencies an opportunity to assess the cryptocurrency project’s potential risks to public safety. The country’s interior minister Kithure Kindiki reportedly warned of unspecified consequences for those violating the country’s laws. Probe Into Worldcoin’s Activities [...]

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