Portugal Orders Worldcoin to Cease Biometric Data Collection
Worldcoin, the project known for its “proof of personhood” concept where individuals receive cryptocurrency tokens after having their irises scanned to verify their humanity, has faced a setback in Europe. A regulator in...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Worldcoin, the project known for its “proof of personhood” concept where individuals receive cryptocurrency tokens after having their irises scanned to verify their humanity, has faced a setback in Europe. A regulator in Portugal has directed the project to halt its biometric data collection efforts.
According to a report from Reuters, the Portugal data regulator, CNPD, has instructed Worldcoin to suspend its collection of personal data for 90 days. This directive follows a similar ban imposed on the project in Spain last month. The CNPD cited a high risk to citizens’ data protection rights as the rationale for urgent intervention to prevent potential harm. The report notes that over 300,000 individuals in Portugal have provided their biometric data to Worldcoin.
In response to the regulatory action, Tools for Humanity, the lead software contributor to the Worldcoin project, emphasized that the initiative adheres to all relevant laws and regulations governing the collection and transfer of biometric data. Jannick Preiwisch, the data protection officer at Worldcoin Foundation, reiterated the project’s commitment to complying with data protection authorities and expressed willingness to address any reported concerns, including those related to underage sign-ups in Portugal.
In an attempt to address privacy concerns and enhance user control over personal data, Worldcoin recently introduced “Personal Custody,” a new process that eliminates the storage and encryption of individuals’ biometric data. Previously, users had the option to allow Worldcoin to store their data. Tiago Sada, an executive at Tools for Humanity, highlighted that the updated approach grants users greater autonomy over their data, offering reassurance by reducing the need to place trust in external entities.
Worldcoin’s unique model rewards individuals with cryptocurrency tokens, known as WLD tokens, upon undergoing iris scanning to establish a World ID. According to the project’s website, Worldcoin has garnered participation from over 4.5 million individuals across 120 countries.
Featured Image: Freepik
Why this matters
This research story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptoCurrencyNewsRelated market context
With violent crypto home invasions surging, a data breach exposing over 10,000 Trezor owners puts physical safety on the line
On Aug. 13, Trezor said a breach at the fulfillment provider ShipMonk exposed customer data for about 13,689 hardware wallet buyer...
Trezor Data Breach Exposes 13,689 Users, Crypto Wallets Remain Safe From Attack
Key Takeaways: Through a leak in the software of its shipping partner ShipMonk, Trezor disclosed private information related to ap...
Data Breach at Trezor Leaks Info on Nearly 14,000 Bitcoin Wallet Users
Bitcoin Magazine Data Breach at Trezor Leaks Info on Nearly 14,000 Bitcoin Wallet Users Hardware wallet manufacturer Trezor has an...
Bitwise CIO says crypto tokens are entering a revenue driven era
Bitwise CIO Matt Hougan said crypto is becoming increasingly revenue driven as projects including Hyperliquid, Uniswap and Aave di...
Are Meme Coins Actually Back? Solana’s On-Chain Data Says Something Is Stirring
The recent revival in Solana meme coins comes after activity around Pump.fun, the blockchain’s leading meme coin launchpad, collap...
Hyperscale Data sells 685 Bitcoin to reduce debt by $30M
Hyperscale Data's Bitcoin sale to reduce debt enhances financial stability, enabling strategic focus on AI data centers and future...