• Home
  • AI
  • Sam Altman’s Worldcoin Fights Back! 🚀💪🏻
Sam Altman's Worldcoin Fights Back! 🚀💪🏻

Sam Altman’s Worldcoin Fights Back! 🚀💪🏻

Sam Altman’s Worldcoin Takes Legal Action Against WLD Ban in Spain

Sam Altman’s privacy-focused crypto project Worldcoin (WLD) is taking legal action against the government of Spain after it was banned in the European nation.

Earlier this week, the Spanish Data Collection Agency (AEPD) ordered Worldcoin to stop collecting information after receiving numerous custom complaints that its data-gathering process was infringing upon users.

Furthermore, the AEPD said that the protocol must discard all data it has already collected via its artificial intelligence (AI)-driven eye-scanning peripheral.

However, in a recent blog post, Worldcoin says that it will be taking legal action against Spain as it is in compliance with all laws.

“Worldcoin operates lawfully in all of the locations in which it is available and under close supervision of the Bavarian data protection authority (BayLDA) – the regulatory body responsible for the oversight of its GDPR (General Data Protection Regulation) compliance in the whole EU (European Union).

In accordance with the EU regulations pertaining to GDPR enforcement, Worldcoin contributors have regularly responded to BayLDA requests for months while operating lawfully in Spain and select other countries in Europe. This engagement continues to this day…

This circumvention of the accepted EU process and rules is why project contributor Tools for Humanity announced that a suit had been filed against the order from the AEPD.”

As stated by Jannick Preiwisch, data protection officer at the Worldcoin Foundation,

“It is unfortunate that the Spanish data protection authority (AEPD) is circumventing established procedures under GDPR with their actions today, which are limited to Spain and not the broader EU.

It is also unfortunate that they are spreading inaccurate and misleading claims about our technology globally after our efforts to provide them with an accurate view of Worldcoin and World ID have gone unanswered for months.”

Worldcoin is trading for $7.46 at time of writing, a 5.6% gain during the last 24 hours.

Stay Informed with Crypto News

If you want to stay updated with the latest news on cryptocurrencies, here are a few ways you can do so:

  • Subscribe to email alerts: By subscribing to email alerts, you will receive the latest news directly in your inbox.
  • Check price action: Keep an eye on the price action of various cryptocurrencies to stay informed about market trends.
  • Follow us on social media: Follow us on Twitter, Facebook, and Telegram to get regular updates and engage with the crypto community.
  • Surf The Daily Hodl Mix: Explore The Daily Hodl Mix for a diverse range of articles, news, and insights about the crypto industry.

Hot Take: Worldcoin Fights Back Against Spanish Ban

The recent ban imposed by the Spanish Data Collection Agency (AEPD) on Sam Altman’s privacy-focused crypto project, Worldcoin (WLD), has prompted the project to take legal action against the Spanish government. Despite claims from AEPD that Worldcoin’s data-gathering process infringed upon user privacy, Worldcoin asserts that it operates within compliance of all laws and regulations.

The project maintains that it has been working closely with the Bavarian data protection authority (BayLDA) to ensure GDPR compliance throughout the European Union. Worldcoin contributors have consistently responded to BayLDA requests, even in Spain and other European countries. Worldcoin believes that the AEPD’s actions go against established GDPR procedures and are limited to Spain, rather than encompassing the broader EU.

It is unfortunate that the AEPD has made inaccurate and misleading claims about Worldcoin’s technology globally, despite the project’s attempts to provide accurate information. As a result, Tools for Humanity, a contributor to the Worldcoin project, has filed a suit against the AEPD’s order.

In the midst of this legal battle, Worldcoin continues to trade at $7.46, experiencing a 5.6% gain in the last 24 hours.

Read Disclaimer
This content is aimed at sharing knowledge, it's not a direct proposal to transact, nor a prompt to engage in offers. Lolacoin.org doesn't provide expert advice regarding finance, tax, or legal matters. Caveat emptor applies when you utilize any products, services, or materials described in this post. In every interpretation of the law, either directly or by virtue of any negligence, neither our team nor the poster bears responsibility for any detriment or loss resulting. Dive into the details on Critical Disclaimers and Risk Disclosures.

Share it

Sam Altman's Worldcoin Fights Back! 🚀💪🏻