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Spain extends Worldcoin ban until 2024-end

Spain extends Worldcoin ban until 2024-end
© Copyright Image: CryptoSlate

Spain has extended its ban on Worldcoins operations, a project led by Tools for Humanity Corporation, until the end of the year or until the Bavarian Data Protection Authority (BayLDA) reaches a final decision.

The extension follows a precautionary measure imposed by the Spanish Data Protection Agency (AEPD) in March, which ordered Worldcoin to cease collecting and processing personal data in Spain.

Worldcoin Foundation and Tools for Humanity have not made a public statement regarding the extension.

BayLDA decision

The AEPDs order was made under Article 66.1 of the General Data Protection Regulation (GDPR), which aims to safeguard individuals rights and freedoms.

The Spanish National Court recently upheld the ban and rejected Worldcoins appeal, prioritizing the protection of personal data over the companys interests.

Worldcoins legally binding commitment ensures that its operations will remain halted until the BayLDA completes its investigation. The Bavarian authority, where Worldcoins main European office is located, is expected to conclude its investigation in the coming weeks.

The agreement does not limit the AEPD or BayLDAs authority to implement further supervisory measures if necessary. The collaboration between the two data protection authorities continues, with AEPD as an interested party under the GDPR framework.

Regulatory challenges

Worldcoin has faced scrutiny and controversy since its inception. Launched to create a global identification system via iris scans, the project has been criticized for privacy concerns and the potential misuse of biometric data.

The projects founders, including OpenAI CEO Sam Altman, envisioned Worldcoin as a way to use blockchain technology to ensure universal basic income and financial inclusion. However, the collection and storage of biometric data have alarmed privacy advocates and regulatory bodies worldwide.

Worldcoin is facing regulatory challenges in other jurisdictions, including a ban on its operations in Hong Kong and Kenya the latter of which said its activities amount to espionage.

The outcome of the BayLDAs decision will be crucial in determining the future of Worldcoins operations in Spain and potentially across Europe as the company navigates the stringent data protection regulations.

The case also sets a precedent for how emerging technologies involving biometric data are regulated and managed in the EU.

The post Spain extends Worldcoin ban until 2024-end appeared first on CryptoSlate.

Read more: https://cryptoslate.com/spain-extends-worldcoin-ban-until-2024-end/

Text source: CryptoSlate

Disclaimer: Financial information and news are not financial advice, read the disclaimer.
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