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Worldcoin Halts Spanish Operations Amid Data Protection Investigation

Worldcoin has agreed to suspend its activities in Spain until the end of the year or until a resolution is reached by the German data authority in the ongoing data protection investigations.

The Spanish data protection agency announced that Worldcoin has legally agreed to pause its operations in Spain until the end of 2024.

On June 4, the Spanish Agency for Data Protection (AEPD) stated that Tools for Humanity Corporation, the company behind the human identity and financial network Worldcoin, will not resume collecting and processing data until the end of the year or until the ongoing investigation reaches a final resolution.

Currently, the data protection authority of Bavaria, Germany, Bayerisches Landesamt für Datenschutzaufsicht (BayLDA), is investigating Worldcoin‘s handling of personal user data.

EU Investigations Continue

According to the announcement, BayLDA is actively progressing with the investigation and is expected to reach a conclusion “soon,” with a final decision that aligns with all concerned European supervisory authorities, including the Spanish authorities. The Spanish authorities had previously ordered Worldcoin to stop collecting and processing personal data in Spain as part of its Worldcoin project in March 2024.

During this investigation period, Worldcoin has enhanced its security measures by open-sourcing its biometric data system. The company confirmed that users can now securely delete old iris codes. Additionally, it has introduced more comprehensive controls to verify the age of users and provided the option to remove the iris code.

Summary Review: Worldcoin‘s suspension of operations in Spain highlights the increasing scrutiny over data protection practices in Europe. As investigations by European authorities continue, Worldcoin has taken steps to improve its security measures and ensure compliance with data protection regulations. The outcome of these investigations will likely have significant implications for the company’s operations across the continent.

Disclaimer: Remember that nothing in this article and everything under the responsibility of Web30 News should be interpreted as financial advice. The information provided is for entertainment and educational purposes only. Investing in cryptocurrency involves inherent risks and potential investors should be aware that capital is at risk and returns are never guaranteed. It is imperative that you conduct thorough research and consult with a qualified financial advisor before making any investment decision.

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