Spain Bans Worldcoin for Privacy Risks

SOURCE finance.yahoo.com
Spain has banned Worldcoin for up to three months due to perceived privacy risks from scanning irises in exchange for a digital ID and free cryptocurrency. Worldcoin is facing criticism for insufficient information, collecting data from minors, and not allowing consent withdrawal. The ban is based on concerns over the processing of biometric data, which poses high risks for people's rights under GDPR.

Key Points

  • Spain bans Worldcoin for up to three months
  • AEPD demands immediate cessation of data collection by Worldcoin
  • Privacy concerns raised over biometric data processing by Worldcoin
  • Worldcoin faces criticism for data collection practices
  • Regulators in Bavaria and other countries investigating Worldcoin's activities

Pros

  • Worldcoin aims to provide a digital ID and free cryptocurrency to users
  • Efforts to engage with data protection regulators demonstrate willingness to address concerns

Cons

  • Insufficient information provided by Worldcoin
  • Collection of data from minors
  • Issues with withdrawing consent for data usage