Portugal Suspends Worldcoin's Facial Scan Crypto Over Privacy Concerns

March 26, 2024
Portugal Suspends Worldcoin's Facial Scan Crypto Over Privacy Concerns
  • Portugal's CNPD has imposed a 90-day suspension on Worldcoin's project over concerns of unauthorized biometric data collection from minors and inadequate information for data subjects.

  • The Worldcoin project, which exchanges cryptocurrency for facial scans, has enlisted over 4.5 million participants globally, including 300,000 in Portugal.

  • Worldcoin asserts compliance with legal standards and has introduced 'Personal Custody' for user data control amid regulatory challenges in multiple European countries.

  • Despite the regulatory suspension in Portugal, Worldcoin's native token, WLD, has seen a price increase, trading at $9.43 with expectations of resistance at the $9.5 mark.

  • The company's Europe operations manager has expressed a willingness to cooperate with authorities and a commitment to addressing the issues identified by the CNPD.

Summary based on 16 sources


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