Key Points:
According to Reuters, Worldcoin in Portugal has amassed data from over 300,000 individuals. The project offers free cryptocurrency in exchange for facial scans via its orb devices.
The CNPD cited significant risks to citizens’ data protection rights, prompting urgent action to prevent potential harm. Complaints ranged from unauthorized data collection by minors to difficulties in data deletion and consent withdrawal.
Jannick Preiwisch, Worldcoin’s data protection officer, asserted the company’s compliance with regulations while acknowledging the CNPD’s concerns.
The CNPD’s order halting data collection is temporary, facilitating additional investigation into user complaints. This directive comes amidst mounting global privacy concerns regarding the project’s practices.
UK’s Big Brother Watch warned of potential data breaches, and Spain imposed a three-month ban earlier. Kenya suspended Worldcoin’s operations in August, and Bavaria leads the EU’s data protection investigation due to the company’s German subsidiary.
In response to privacy criticisms, Worldcoin rolled out Personal Custody, eliminating biometric data storage and encryption, thereby offering users greater control over their personal data.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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