Would you hand over your iris scans for free crypto?
Once a person’s identity has been established, users can receive free Worldcoin crypto tokens.
Unsurprisingly, the scanning of people’s eyeballs has led to privacy concerns.
Now, Spanish data protection regulator AEPD hasdemandedWorldcoin temporarily stop collecting and processing personal data.
It must also stop processing any previously collected data from Spain.
TechCrunchnotesthat violations of GDPR rules can result in fines of 4% of offending entities' annual turnover.
Worldcoin was temporarilybannedin Kenya in 2023 over privacy concerns, though it is reportedly set toreturnat some point.
World ID has over 4 million sign-ups in 120 countries.
