Sam Altman’s identity-centric cryptocurrency project Worldcoin (WLD) has been one of the best-performing cryptocurrency assets over the past few days as it faces regulatory scrutiny in Europe.
Last week, the Spanish government ordered Worldcoin to stop collecting data in the country after receiving numerous complaints from customers.
The Spanish Agency for Data Protection (AEPD) has ordered Worldcoin to stop collecting personal data if it suspects it has violated users’ privacy rights.
However, in a recent blog post, Worldcoin, a project of tech company Tools For Humanity (TFH), said it would take legal action against Spain if it complies with all laws.
Amid the regulatory war, the price of WLD soared. At the time of this writing, WLD is trading at $10.56, up 337% in the past month and 43% in the last 24 hours. The market capitalization is $1.562 billion, but with only 148.5 million of the 10 billion tokens in circulation, WLD’s fully diluted value is now over $105 billion.
Worldcoin has a 15-year vesting schedule that includes token distribution to the WLD community, TFH investors, early development team, and TFH reserves.
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.
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