The AEPD announced on June 4th that Tools for Humanity Corporation, behind Worldcoin, will halt data collection in Spain until 2024.
This decision is pending a final decision on the ongoing investigation. Let’s explore more about Worldcoin.
Data Collection Suspension in Spain until 2024
The decision to suspend activities follows concerns about Worldcoin’s treatment of personal user data. The AEPD had previously ordered Worldcoin to stop collecting and processing personal data in Spain in March 2024. Taken to ensure compliance and protect privacy rights in the Worldcoin project.
Worldcoin’s project, which involves the creation of a human identity and financial network, has been under scrutiny by data protection authorities due to the sensitive nature of the personal data it handles. The BayLDA is leading the investigation, focusing on determining whether Worldcoin’s data collection and processing practices comply with European data protection laws.
Source: X
According to the AEPD’s announcement, the BayLDA is actively progressing with its investigations and is expected to conclude soon. The final decision will be aligned with the positions of all concerned European supervisory authorities, ensuring a unified stance on the matter.
More About Worldcoin
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
The post Worldcoin Suspends Spain Activities Amid Probe appeared first on Altcoin Buzz.