Worldcoin files lawsuit to appeal Spain’s ban order

The Spanish government has banned Worldcoin on March 6 after receiving numerous complaints about the project. The developer behind the digital currency, known as the Worldcoin Foundation, was accused of fraudulent activities and misleading investors. The ban was enforced by the Spanish financial authorities, who stated that Worldcoin was operating without proper regulation and posed a risk to the financial stability of the country. This decision comes as a blow to the Worldcoin Foundation, which had hoped to establish a presence in the Spanish market. The foundation has yet to release a statement in response to the ban. Investors who have already purchased Worldcoin are advised to proceed with caution and seek legal advice if necessary.

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The Spanish government has banned Worldcoin on March 6, following numerous complaints about the project.

The Worldcoin developer, Tools for Humanity, has filed a lawsuit to appeal against the recent ban by the Spanish data protection authority AEPD.

Tools for Humanity has challenged the AEPD’s decision, claiming that AEPD has violated “accepted EU procedures and regulations” and “procedures established under the General Data Protection Regulation (GDPR) of the European Union.”

Jannick Preiwisch, the data protection officer of Worldcoin Foundation, stated that the statements made by the Spanish authorities are inaccurate, and WLD fully complies with the EU data protection law.

On the other hand, Worldcoin stated that they operate legally and under close supervision from local authorities.

In response to the ban, Worldcoin has ceased all “World ID verification services” in Spain.

According to Worldcoin’s website, over 4 million people in 120 countries have registered for iris scans. However, the project has faced criticism from Argentina to Germany regarding the collection, storage, and use of personal data.

AEPD’s actions against Worldcoin come after complaints about insufficient information, collecting data from minors, and failure to withdraw consent.

SOURCEvietstock
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