Spanish government bans Worldcoin (WLD): crypto project files lawsuit

Spanish government bans Worldcoin (WLD): crypto project files lawsuit

Sam Altman’s crypto project Worldcoin (WLD) is taking legal action against the government of Spain after it was banned in the European country. The Spanish Data Protection Agency (AEPD) had ordered Worldcoin to stop data collection after receiving numerous customer complaints that the data collection process violated users' rights. In addition, the AEPD asked the protocol to delete all data already collected via its AI-controlled iris scanning peripherals. Worldcoin, on the other hand, claims in a recent blog post that it will take legal action against Spain as it is compliant with all laws. The project has stated that it operates in accordance with the law in all available locations and is under the supervision of the Bavarian Data Protection Authority (BayLDA), which is responsible for monitoring GDPR (General Data Protection Regulation) compliance across the European Union. It goes on to say that Worldcoin has responded regularly to BayLDA's inquiries and continues to operate legally in Spain and selected other European countries. For this reason, the Tools for Humanity project has announced that it will take legal action against the AEPD's order. AEPD's claims about Worldcoin's technology are false and misleading. Worldcoin's price is $7.46 at the time of this article, recording a gain of 5.6% in the last 24 hours.

Context and implications

This case between Worldcoin and the Spanish Data Protection Authority has a number of implications and raises questions about data protection and security in the context of cryptocurrencies. Worldcoin emphasizes that it abides by all laws and has gone through regulation by the BayLDA, leading to confusion as to why the AEPD is taking action against the project. This dispute could place cryptocurrencies as a whole more in the focus of data protection authorities and regulators as they seek to ensure the protection of user privacy while enabling innovation and new technological approaches. It remains to be seen how Worldcoin's legal action against Spain will turn out and whether this will have an impact on the project's activities in other countries.

Historical facts and relevant information

• Die Europäische Datenschutz-Grundverordnung (GDPR) wurde im Jahr 2018 eingeführt, um den Schutz personenbezogener Daten in der Europäischen Union zu stärken und einheitliche Datenschutzstandards festzulegen.
• Datenschutzbehörden in verschiedenen EU-Mitgliedstaaten sind dafür zuständig, die Einhaltung der GDPR in ihrem jeweiligen Land zu überwachen und Verstöße zu ahnden.
• Der Schutz der Privatsphäre und der Umgang mit personenbezogenen Daten sind zentrale Anliegen vieler Nutzer von Kryptowährungen, da diese oft als sichere und dezentralisierte Alternative zu herkömmlichen Finanzsystemen betrachtet werden.

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