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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.
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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,.
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