"Spain Bans Sam Altman's Eye-Scanning Worldcoin"

1 min read
Source: Yahoo Finance
"Spain Bans Sam Altman's Eye-Scanning Worldcoin"
Photo: Yahoo Finance
TL;DR Summary

Spain has banned Worldcoin for up to three months due to perceived privacy risks from its iris-scanning technology, which offers a digital ID and free cryptocurrency. The Spanish data protection regulator demanded Worldcoin to cease the collection of personal information and stop using gathered data, citing complaints about insufficient information and data collection from minors. Worldcoin has criticized the ban, while other European authorities are also investigating the project's compliance with GDPR. Worldcoin's ID aims to allow users to prove their humanity online, and the project is backed by prominent venture capital names.

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