Spain bans Worldcoin for up to three months amid broader investigation | Headlines | News | CoinMarketCap

03/07/2024 09:50
Spain bans Worldcoin for up to three months amid broader investigation | Headlines | News | CoinMarketCap

Worldcoin has been banned in Spain for up to three months as the country’s data protection watchdog continues its investigation into the …

Worldcoin has been banned in Spain for up to three months as the country’s data protection watchdog continues its investigation into the cryptocurrency project co-founded by Sam Altman.

In a statement on Wednesday, Spanish data protection agency AEPD announced that it has ordered a precautionary measure against Tools for Humanity Corporation. The company, the core developer behind Worldcoin, has a business model that involves scanning people’s irises in exchange for cryptocurrency.

“The AEPD has received several complaints against this company about insufficient information, the collection of data from minors and the fact that consent cannot be withdrawn, among other infringements,” the regulator said. 

The agency ordered the project to cease the collection and processing of …

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