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

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

Spain has banned Worldcoin for up to three months due to perceived privacy risks from the venture, which scans irises in exchange for a digital ID and free cryptocurrency. The Spanish data protection regulator demanded Worldcoin immediately cease the collection of personal information and stop using data it has already gathered, citing insufficient information, data collection from minors, and not allowing for the withdrawal of consent. Worldcoin has drawn criticism from privacy campaigners globally over the collection, storage, and use of personal data. The company has rebuked the ban, stating that the regulator is "circumventing EU law" and spreading inaccurate claims about their technology.

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