The Spanish government has ordered human identity-focused cryptocurrency project WorldCoin (WLD) to stop collecting data in the country after receiving numerous complaints from customers.
In a new press release, the Spanish Agency for Data Collection (AEPD) ordered Worldcoin to stop collecting personal data after receiving several complaints that its data collection processes were infringing on users.
AEPD also said it would block data already collected through the Eye Scan Digital Identification Project.
“The Spanish Data Protection Authority has ordered preventive measures against the Tools for Humanity Corporation, suspending the collection and processing of personal data carried out in Spain in the framework of the Worldcoin project and blocking data already collected.
AEPD has received complaints against this company for multiple violations, including lack of information, collection of data from minors, and inability to withdraw consent.”
Worldcoin, co-founded by OpenAI CEO Sam Altman, saw its price plummet 20% late last year when it ceased operations in Brazil, India and France.
Earlier this month, billionaire and businessman Elon Musk filed a lawsuit against Sam Altman and OpenAI, claiming they had violated their founding agreement.
According to the lawsuit, Altman first proposed OpenAI to Musk in 2015. Musk agreed and began fundraising and recruiting for the company. However, OpenAI was later sold to Microsoft, which reportedly violated the original agreement.
As stated in the lawsuit,
“Contrary to the founding agreement, the defendants decided to use GPT-4 not for the benefit of humanity, but as a proprietary technology to maximize the profits of literally the world’s largest corporation.
Additionally, the entire development of OpenAI is now shrouded in secrecy, with the public only having rumors and isolated pieces of communication to understand what is coming next.”
Worldcoin is trading at $7.08 at the time of writing, up 1.75% in the last 24 hours.
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