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Home » Worldcoin asserts its legality in all operating countries despite Spanish prohibition
Worldcoin asserts its legality in all operating countries despite Spanish prohibition
Worldcoin asserts its legality in all operating countries despite Spanish prohibition

Worldcoin asserts its legality in all operating countries despite Spanish prohibition

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By admin on 2024-03-18 Cryptocurrency, Regulations Security

Worldcoin, the global digital identity and cryptocurrency project, has released new statements regarding its operations and compliance in the face of legal uncertainty in Spain. In a blog post titled “Essential facts about Worldcoin,” the project emphasized its commitment to operating lawfully and being fully compliant with regulations governing data collection and transfer. The post also referenced a previous article on regulatory compliance, highlighting Worldcoin’s adherence to major global data protection frameworks such as the General Data Protection Regulation in Europe and the Personal Data Protection Act in Argentina.

Among the key points mentioned in the new post is Worldcoin’s prohibition of minors joining the platform. Users are required to confirm their age as over 18 in the World App before undergoing verification at an Orb. The Worldcoin Foundation, along with its contributor, Tools for Humanity, emphasized that they have never sold and will never sell any personal data, including biometric information.

Another crucial aspect highlighted by Worldcoin is the self-custodial nature of its World ID and World App. This means that only the owner has access to information such as their name, email address, phone number, and other personal data. The blog post also emphasized the advanced security features of the Orb’s hardware, ensuring the protection of data from unauthorized access.

The release of this blog post coincides with the uncertainty surrounding Worldcoin’s operations in Spain. In early March, the Spanish Agency for the Protection of Data issued a temporary ban on Worldcoin’s data collection and processing activities in the country. Despite attempting to defend its operations through an injunction, Worldcoin was unsuccessful as a local court ruled against it.

Worldcoin, founded by OpenAI CEO Sam Altman, is an open-source protocol that aims to facilitate digital identification and ownership for individuals worldwide. Since its official launch in July 2023, the project has faced regulatory pushback due to concerns surrounding data privacy and protection. In August 2023, Worldcoin was banned in Kenya, leading to a halt in all local activities associated with the platform, including biometric identification. However, Worldcoin has expressed its intention to resume operations in Kenya in 2024, stating that it is working with the government towards that goal.

As the digital asset market experiences volatility, experts and Bitcoin OGs provide insights on how to protect one’s cryptocurrency investments in a recent magazine article.

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