EddieJayonCrypto

 26 Mar 24

tl;dr

Worldcoin is facing scrutiny for its "proof of personhood" project in Europe, with the Portugal data regulator mandating a halt to biometric data collection for 90 days. Worldcoin has introduced "Personal Custody" to give users greater control over their personal information. Privacy campaigners hav...

Worldcoin is facing scrutiny for its "proof of personhood" project in Europe, with the Portugal data regulator mandating a halt to biometric data collection for 90 days. Worldcoin has introduced "Personal Custody" to give users greater control over their personal information. Privacy campaigners have voiced concerns over collecting personal data and biometric information, leading to regulatory action in various countries, including Spain, Kenya, and Bavaria.


Worldcoin recently introduced “Personal Custody,” eliminating the storage and encryption of biometric data to give users greater control over their personal information. According to Sam Altman, the CEO of OpenAI, who co-founded the company behind Worldcoin, Worldcoin aims to establish an identity and financial network. Despite its ambitions, Worldcoin has faced scrutiny and regulatory challenges. Privacy campaigners, including the UK-based Big Brother Watch, have voiced concerns over collecting personal data, particularly biometric information, due to the potential for data breaches or exploitation.

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Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
 14 Nov 24
 14 Nov 24
 14 Nov 24