{"id":261019,"date":"2024-03-08T01:14:35","date_gmt":"2024-03-07T19:44:35","guid":{"rendered":"https:\/\/dripp.zone\/news\/sam-altman-backed-worldcoin-slapped-with-a-three-month-ban-in-spain-what-all-happened-crypto-news\/"},"modified":"2024-03-08T01:14:39","modified_gmt":"2024-03-07T19:44:39","slug":"sam-altman-backed-worldcoin-slapped-with-a-three-month-ban-in-spain-what-all-happened-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/sam-altman-backed-worldcoin-slapped-with-a-three-month-ban-in-spain-what-all-happened-crypto-news\/","title":{"rendered":"Sam Altman backed Worldcoin slapped with a three-month ban in Spain: What all happened &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"mainArea\">\n<div class=\"FirstEle\">\n<p>      In a significant move, Spain has imposed a three-month ban on Worldcoin, a venture led by Sam Altman, citing privacy risks associated with its unique approach to digital identification. The company, known for its &#8220;orb&#8221; devices that scan users&#8217; irises in exchange for a digital ID and free cryptocurrency, has faced criticism globally for its data collection practices.<\/p>\n<\/p><\/div>\n<div class=\"paywall\" id=\"paywall_11709805528983\">\n<p>   The Spanish data protection regulator, <a rel=\"nofollow noopener\" target=\"_blank\" class=\"manualbacklink\" href=\"https:\/\/www.livemint.com\/companies\/people\/how-the-bromance-between-elon-musk-and-sam-altman-turned-toxic-11709703030611.html\">AEPD<\/a>, issued the ban on Wednesday, demanding an immediate halt to the collection of personal information by Worldcoin and instructing the company to cease using already gathered data. The AEPD&#8217;s action follows several complaints, including concerns about insufficient information, data collection from minors, and issues related to consent withdrawal.<\/p>\n<p>   Worldcoin fired back at the ban, accusing the AEPD of &#8220;<a rel=\"nofollow noopener\" target=\"_blank\" class=\"manualbacklink\" href=\"https:\/\/www.livemint.com\/companies\/people\/how-the-bromance-between-elon-musk-and-sam-altman-turned-toxic-11709703030611.html\">circumventing EU law<\/a>&#8221; and spreading &#8220;inaccurate and misleading claims about our technology.&#8221; The project boasts over 4 million participants from 120 countries who have willingly undergone iris scans, according to the company&#8217;s website.<\/p>\n<p>   Jannick Preiwisch, Worldcoin&#8217;s Data Protection Officer, expressed gratitude for the opportunity to help the AEPD understand the technology&#8217;s essential and lawful aspects. Preiwisch claimed that the company&#8217;s attempts to engage with the AEPD had gone unanswered for months.<\/p>\n<p>   The AEPD, referencing the European Union&#8217;s General Data Protection Regulation (GDPR), highlighted the high risks associated with the processing of biometric data, emphasizing the need for urgent measures to prevent potential irreparable damage to individuals&#8217; rights.<\/p>\n<p>   <a rel=\"nofollow noopener\" target=\"_blank\" class=\"manualbacklink\" href=\"https:\/\/www.livemint.com\/companies\/people\/sam-altman-crosses-2-billion-net-worth-and-its-not-because-of-openais-success-chatgpt-11709429361104.html\">Worldcoin<\/a> has been in communication with Bavaria&#8217;s state data agency, where its owner, Tools for Humanity, has a subsidiary. Bavaria is leading the EU investigation into Worldcoin, with President Michael Will indicating that a final evaluation would be presented to European colleagues soon.<\/p>\n<p>   Portugal&#8217;s data authority is collaborating with Bavaria to assess Worldcoin&#8217;s GDPR compliance, while the UK Information Commissioner&#8217;s Office emphasized the need for organizations to conduct Data Protection Impact Assessments and have a clear lawful basis for processing personal data.<\/p>\n<p>   Despite the controversy, Sam Altman remains optimistic about Worldcoin&#8217;s ID, asserting that it will enable users to prove their humanity in a future world dominated by artificial intelligence. Backed by prominent venture capital firms such as a16z crypto and<a rel=\"nofollow noopener\" target=\"_blank\" class=\"manualbacklink\" href=\"https:\/\/www.livemint.com\/companies\/people\/sam-altman-crosses-2-billion-net-worth-and-its-not-because-of-openais-success-chatgpt-11709429361104.html\"> Bain Capital Crypto<\/a>, Worldcoin&#8217;s future in the EU remains uncertain as regulatory scrutiny continues.<\/p>\n<p>   (With inputs from Reuters)<\/p>\n<p>   \u00a0<\/p>\n<p>               <input type=\"hidden\" id=\"iframecount\" value=\"0\"\/>\t<\/p>\n<p class=\"milestone\" style=\"display:none\"><strong>Milestone Alert!<\/strong><br \/>\nLivemint tops charts as the fastest growing news website in the world <span>\ud83c\udf0f<\/span> <a rel=\"nofollow noopener\" target=\"_blank\" class=\"lmWhatsappChannel\" href=\"https:\/\/www.read.ht\/QvEN\" data-name=\"Whatsapp_channel\"><strong>Click here<\/strong><\/a>  to know more.\n<\/p>\n<p class=\"benefitText\">Unlock a world of Benefits! 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The company, known for its &#8220;orb&#8221; devices that scan users&#8217; irises in exchange for a digital ID and free cryptocurrency, has faced criticism globally for its [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":261020,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[18322,188,183,185,257,186,18324,18323,187,184,8204,189,150,182,190,18321],"class_list":["post-261019","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-bain-capital-crypto","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency","tag-cryptocurrency-technology","tag-digital-id","tag-european-union-general-data-protection-regulation","tag-metaverse-technology","tag-nft-technology","tag-sam-altman","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology","tag-worldcoin"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/261019","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=261019"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/261019\/revisions"}],"predecessor-version":[{"id":261021,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/261019\/revisions\/261021"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/261020"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=261019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=261019"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=261019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}