WORLD Network, the formerly known as WorldCoin, will no longer give crypto incentives to the Brazilians. Brazil’s data protection observer ordered the company behind the biometry for the World ID project to stop offering crypto or financial compensation to collect biometric data from its citizens.
Brazil forbade the WorldCoin project from giving WLD tokens!
The National Data Protection Authority (ANPD) ordered the Tools for Humanity (TFH) behind the WorldCoin, formerly called Worldcoin, to stop serving the Brazilians from January 25th. This order came after an investigation that started in November after the World ID project was launched in Brazil. AnPD’s application section, compensation, as a crypto, the collection of precise biometric data can endanger the validity of the user’s approval, he said.
Kriptokoin.comAs you have followed, World Network was founded in 2019 by OpenAI CEO Sam Altman. It uses the iris biometry developed by San Francisco and Berlin -based Tools for Humanity to develop a universal digital identity and financial network by scanning people’s iris using a futuristic “sphere ..
What’s in the background of the Worldcoin ban?
In accordance with the Brazilian laws, consent to the processing of sensitive personal data must be free, informed, open and specially given for specific purposes. ANPD is concerned about the potential of financial incentives to influence the decision -making processes of people, especially those who are vulnerable. He also expressed his concerns about the sensitive nature of biometric data, the irreversible nature of data collection and the fact that the collected biometric data cannot be deleted after being provided once.
In December, Germany’s Data Protection Authority issued corrective measures for the Digital Identity Project, as it deals with Biometric data order to World to take measures to comply with the EU General Data Protection Regulation.
Price Performance of WLD TOKE
Meanwhile, the local token of the WorldCoin project WLD has lost more than 12 %in the last 24 hours. Token fell below $ 1.9 at the time of writing this article. According to Coingecko, token, which was released to provide power to the network in July 2023, decreased by 84 %of $ 11.74, the highest level of all time in March.
The price of WLD since the launch. Source: coingeckoTo be aware of last -minute developments Twitter ‘ in, Facebook ‘ Instagram follow and follow Telegram And Youtube Join our channel!
