Spain has blocked Sam Altman's Worldcoin and ordered the company to stop collecting personal data through eye-scanning devices.
Spain's data protection authority, the AEPD, required #Worldcoin to stop data transactions and prove compliance within 72 hours.
Worldcoin wanted to offer #cryptocurrency in exchange for eye scans to distinguish human intelligence from artificial intelligence.
Spain recently banned the project, demanding that Worldcoin, a cryptocurrency venture owned by Sam Altman, stop its own method of collecting personal data through an eye-scanning device called Sphere. The action by Spain's data protection authority, the AEPD, is a strong move against Worldcoin's operations in the country. As an ultimatum, the regulator has demanded a complete halt to data collection and the use of data already collected.
Worldcoin, founded by Altmann along with Max Norwendstern and Alex Brania in 2019, entered the cryptocurrency market with a proposal to offer tokens in exchange for users being able to scan their eyes with an orb. The idea was to create a robust system to distinguish humans from machines, especially as artificial intelligence continues to blur its boundaries. However, the project's approach to collecting personal data has sparked controversy from all sides.
Worldcoin's attempts to navigate the regulatory environment of the cryptocurrency industry have also led to the same. After refusing to issue tokens in the US due to strict regulatory oversight, Worldcoin has also been blocked in major markets such as China and India. In addition, the UK Information Commissioner's Office announced its intention to investigate Worldcoin after Kenyan regulators shut down the project.
Altmann told the Financial Times that he believes Worldcoin could move away from its focus on #cryptocurrencies in the future.
The company's modus operandi, particularly the use of personal data through eye scans, has attracted a lot of media attention and complaints from Spanish customers.
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