Spanish government asks Worldcoin to stop data collection [SEO: Worldcoin, data collection, complaints, Spanish government]

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The Spanish government orders identity-focused crypto project Worldcoin (WLD) to stop collecting data in the country after receiving multiple complaints from customers. The Spanish Data Protection Agency (AEPD) demands in a press release that Worldcoin stop collecting personal data and that data already collected be blocked. Learn more about the issues Worldcoin is facing and the impact on its price.

Spanish government asks Worldcoin to stop data collection [SEO: Worldcoin, data collection, complaints, Spanish government]

Summary

The Spanish Data Protection Agency (AEPD) has ordered that the cryptocurrency project Worldcoin (WLD) must stop collecting personal data in Spain with immediate effect. The AEPD has received several complaints from customers that the project's data collection process violates their privacy. In addition, the AEPD will block all data already collected by the project. Earlier last year, Worldcoin was already temporarily halted in Brazil, India and France, resulting in a 20% price drop. Recently, Elon Musk filed a lawsuit against Sam Altman and OpenAI, co-founders of Worldcoin, claiming that the company violated the founding agreement. Worldcoin is currently trading at $7.08, up 1.75% in the last 24 hours.

Impact and context

The order from the Spanish Data Protection Agency has potentially far-reaching implications for the Worldcoin cryptocurrency project. The collection of personal data is a sensitive issue and suspected privacy violations can affect user trust. The data that has already been collected and is blocked by the AEPD could potentially also have legal consequences for the project.

The temporary suspension of Worldcoin in Brazil, India and France last year showed that regulators around the world are keeping a close eye on cryptocurrencies and taking action when privacy regulations are violated. This reflects the general trend of cryptocurrencies becoming increasingly the focus of regulatory action.

Elon Musk's lawsuit against Sam Altman and OpenAI raises further questions. The accusation that OpenAI has broken its founding agreement and uses technology to maximize profits rather than for the good of humanity reflects poorly on the company. This could also have an impact on Worldcoin since it comes from the same founders.

Fact-based information

  • Die spanische Datenschutzagentur (AEPD) hat angeordnet, dass Worldcoin (WLD) in Spanien die Sammlung von persönlichen Daten stoppen muss.
  • Die AEPD hat mehrere Beschwerden von Kunden erhalten, dass das Datenbeschaffungsverfahren von Worldcoin ihre Privatsphäre verletzt.
  • Die AEPD wird alle bereits erhobenen Daten von Worldcoin blockieren.
  • Worldcoin wurde bereits im letzten Jahr vorübergehend in Brasilien, Indien und Frankreich gestoppt.
  • Elon Musk hat gegen Sam Altman und OpenAI Klage erhoben, und behauptet, dass OpenAI gegen die Gründungsvereinbarung verstoßen hat.
  • Worldcoin wird derzeit mit 7,08 US-Dollar gehandelt, was einem Anstieg von 1,75% in den letzten 24 Stunden entspricht.

Historical facts

Unfortunately, the press release did not mention any historical facts that would be relevant.

Table

A table is not relevant in this context.

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