Worldcoin Addresses Global Compliance Amid Legal Uncertainty
In response to the growing legal uncertainty in Spain, Worldcoin has released new statements regarding its operations and compliance measures.
On March 18, Worldcoin published a blog post titled “Essential Facts about Worldcoin,” outlining basic information about its operations, rules, and regulatory compliance.
The project emphasized its commitment to operating lawfully in all available locations and ensuring full compliance with data protection regulations such as Europe’s GDPR and Argentina’s Personal Data Protection Act, as detailed in a previous regulatory compliance post from January.
Worldcoin reiterated its policy of not allowing minors on the platform and highlighted the requirement for each user to confirm their age as over 18 before verification at an Orb through the World App.
Furthermore, Worldcoin emphasized that neither the Worldcoin Foundation nor its contributor, Tools for Humanity, have ever sold, sell, or will sell any personal data, including biometric data.
The platform emphasized the self-custodial nature of World ID and World App, ensuring that only the owner has access to personal data such as name, email address, and phone number.
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Regarding security, Worldcoin assured users that the Orb’s hardware is equipped with advanced security features to safeguard data from unauthorized access.
This announcement comes amidst ongoing uncertainty surrounding Worldcoin’s operations in Spain. In early March, the Spanish Agency for the Protection of Data ordered Worldcoin to cease data collection and processing in the country, leading to a temporary ban on its operations. The platform’s subsequent attempt to challenge the ban in court was unsuccessful.
Worldcoin, founded by OpenAI CEO Sam Altman, aims to establish digital identification and ownership for individuals worldwide. Since its launch in July 2023, the project has faced regulatory challenges, including a ban in Kenya over data privacy concerns. However, Worldcoin has expressed its intention to resume operations in Kenya in 2024 following discussions with the government.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
