Spain’s government has ordered human identity-focused crypto project Worldcoin (WLD) to stop collecting data in the country after receiving numerous complaints from customers.
In a new press release, Spain’s Data Collection Agency (AEPD) is demanding that Worldcoin stop collecting personal data after receiving multiple complaints that its data collection process was infringing on users.
In addition, the AEPD says it will block data already collected by the eye-scanning digital identification project.
“The Spanish Data Protection Agency has ordered a precautionary measure against Tools for Humanity Corporation, so that it stops the collection and processing of personal data in Spain in the context of its Worldcoin project and blocks the data already collected.
The AEPD has received several complaints against this company about, among other things, insufficient information, the collection of data from minors and the fact that consent cannot be withdrawn.”
At the end of last year, Worldcoin – co-founded by OpenAI CEO Sam Altman – ceased operations in Brazil, India and France, causing its price to plummet by 20% at the time.
Earlier this month, billionaire business mogul Elon Musk filed a lawsuit against Sam Altman and OpenAI, claiming the company violated its incorporation agreement.
According to the lawsuit, Altman first pitched OpenAI to Musk in 2015. Musk agreed and began funding and recruiting for the company. However, OpenAI was later bought by Microsoft, which allegedly violated the original agreement.
As stated in the lawsuit,
“Contrary to the founding agreement, Defendants have chosen to use GPT-4 not for the benefit of humanity, but as a proprietary technology to maximize profits for literally the largest company in the world.
Furthermore, the entire development of OpenAI is now shrouded in secrecy, and the public only has rumors and isolated snippets of communications to understand what will be released next.”
Worldcoin is trading at $7.08 at the time of writing, up 1.75% over the past 24 hours.
Don’t miss a beat – Subscribe to receive email alerts straight to your inbox
Check price action
follow us on TweetFacebook and Telegram
Surf to the Daily Hodl mix
Generated image: Midjourney