Worldcoin In Trouble? German Data Watchdog Launches Probe

Worldcoin News: New trending crypto in the market, Worldcoin (WLD) is now facing worldwide scrutiny. The Bavarian State Office for Data Protection Supervision, a German data watchdog reportedly launched a investigation against the OpenAI CEO Sam Altman’s Worldcoin project. This development comes in due to raising concerns about collecting sensitive biometric data on a large scale.
Also Read: 8 Ways You Can Make Money On New X (Ex-twitter)
Worldcoin Gathering Data Without Purpose?
According to reports, the Bavarian State Office for Data Protection Supervision launched a probe against Worldcoind back in November 2022. Michael Will, the state regulator’s president stated that they are the front leading authority which is investigating Worldcoin’s compliance with the European Union’s data protection rules.
The state regulator’s president mentioned that the probe was launched because Tools for Humanity, a firm behind Worldcoin has a subsidiary in the jurisdiction. He added that the technology behind this is neither established nor well analyzed for any specific core purpose.
Will pointed out that this action leads to a huge number of risks which include users’ data protection. One significant concern is whether users have provided explicit consent for their data to be processed, and if the information provided to them was sufficient and clear. Meanwhile, Worldcoin’s website says that 2.1 million people have signed up with them in a trial period of over the last 2 years.
Watchdog Going After WLD
Worldcoin hasn’t commented on the matter so far. However, it presents itself as a network of “privacy-preserving” while the personal data is being stored in encrypted form. Reuters reported that earlier Worldcoin Foundation stated that it complies with the European Union’s rules and offered to cooperate with governing bodies.
Worldcoin has caught the attention of multiple European supervisory authorities, who have requested information about its operations. France’s privacy watchdog expressed concerns about the legality of Worldcoin’s data collection, deeming it questionable. Additionally, Britain’s data regulator has announced its intention to conduct inquiries into the project,.
- Trump-Backed World Liberty (WLFI) Plans RWA Tokenization Paired with USD1 Stablecoin
- Stripe Eyes U.S. Banking Charter, Pioneers One-Click Stablecoin Issuance for Firms
- Breaking: Metaplanet Expands Treasury With 5,268 BTC Purchase, Climbs to 4th Largest Holder
- BREAKING: Nasdaq Files with US SEC to List BlackRock Bitcoin Premium Income ETF
- Mr Beast, Whales Buy ASTER Token Amid 20% Crash, What’s Next?
- SUI Price Eyes $4.5 as Coinbase Futures Listing Sparks Market Optimism
- Chainlink Price Holds $20 Support Amid Tokenization With DTA Standard Progress – Is $47 Next?
- Analyst Predicts Dogecoin Price Surge as DOGE ETF AUM Hits $20M
- Ethereum Price Eyes $8,600 As Institutions And Whales Double Down
- Dogecoin Price Prediction – Chart Set-Up Highlights Perfect Buying Opportunity With Outflows Backing $0.45
- Bitcoin Price Set to Rebound Ahead of US Government Shutdown, NFP Data