Sunday, July 27, 2025
  • Login
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

Worldcoin Faces Scrutiny Over Biometric Data Concerns

by SB Crypto Guru News
December 20, 2024
in Blockchain
Reading Time: 3 mins read
0 0
A A
0


German regulators are increasing pressure on Worldcoin
Worldcoin


$2.06

, a project co-founded by OpenAI’s Sam Altman, over concerns about biometric data compliance.

The Bavarian State Office for Data Protection Supervision (BayLDA) has instructed the company, now rebranded as “World”, to ensure its practices follow European Union (EU) data privacy rules.

BayLDA’s investigation revealed that Worldcoin’s data practices do not fully comply with the General Data Protection Regulation (GDPR), the EU’s framework for protecting personal information.

How to Create an NFT: Easiest Way (Animated Explainer)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe – We publish new crypto explainer videos every week!

How to Create an NFT: Easiest Way (Animated Explainer)

How to Create an NFT: Easiest Way (Animated Explainer)
How to Create an NFT: Easiest Way (Animated Explainer)

The regulators have set a deadline of January 19 for Worldcoin to implement a process that allows users to delete their data in line with GDPR rules.

The Worldcoin system creates a “World ID” by scanning a user’s eyeball with a device called an Orb. This unique identifier is used to confirm that the person is real and not a bot.

However, the practice of collecting and storing this biometric data raised concerns. The regulators found that in earlier stages of the project, iris codes were stored in centralized databases without adequate safeguards, violating GDPR requirements.

BayLDA also pointed out risks tied to processing sensitive data like iris scans, even with the cryptographic protocols Worldcoin implemented.

Michael Will, President of BayLDA, stated:

All users who have provided “Worldcoin” with their iris data will in future have the unrestricted opportunity to enforce their right to erasure.

In response to the investigation, Worldcoin temporarily paused some of its operations in the EU and updated its systems to improve compliance. However, the regulators insist on more robust measures to ensure the data collection and processing align with GDPR.

As Sam Altman’s Worldcoin grapples with data privacy challenges, a group of artists recently leaked OpenAI’s Sora tool. What led to this daring action? Read the full story.

Aaron S. Editor-In-Chief

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.




Source link

Tags: BiometricBitcoin NewsConcernsCrypto NewsCrypto UpdatesDataFacesLatest News on CryptoSB Crypto Guru NewsScrutinyWorldcoin
Previous Post

Crypto custody firm Copper withdraws UK registration

Next Post

List of ISO 20022 Compliant Crypto

Related Posts

Developing Secure and Scalable MCP Servers: Key Strategies and Best Practices

Developing Secure and Scalable MCP Servers: Key Strategies and Best Practices

by SB Crypto Guru News
July 26, 2025
0

Caroline Bishop Jul 26, 2025 13:50 Explore how to build secure and scalable remote Model Context...

Elon Musk Teases AI-Powered Vine Comeback, Vine Coin Soars

Elon Musk Teases AI-Powered Vine Comeback, Vine Coin Soars

by SB Crypto Guru News
July 25, 2025
0

Enjoyed this article? Share it with your friends! Elon Musk has hinted in a July 24 post on X that...

Christie’s Opens the Door to Crypto-Funded Mansions

Christie’s Opens the Door to Crypto-Funded Mansions

by SB Crypto Guru News
July 25, 2025
0

Enjoyed this article? Share it with your friends! Christie’s International Real Estate, an auction house based in the UK, has...

ENS Price Surges 3.09% as Ethereum Name Service Shows Strong Bullish Momentum

ENS Price Surges 3.09% as Ethereum Name Service Shows Strong Bullish Momentum

by SB Crypto Guru News
July 25, 2025
0

Peter Zhang Jul 25, 2025 07:00 ENS price hits $27.71 with bullish technical indicators pointing to...

Owners Club Featured in Latest BitDegree Mission

Owners Club Featured in Latest BitDegree Mission

by SB Crypto Guru News
July 24, 2025
0

A new BitDegree Mission titled Owners Club: Skill-Based Horse Racing, NFTs & More is now live. The latest Mission features...

Load More
Next Post
List of ISO 20022 Compliant Crypto

List of ISO 20022 Compliant Crypto

Exploring Six On-Chain Indicators to Understand the Bitcoin Market Cycle

Exploring Six On-Chain Indicators to Understand the Bitcoin Market Cycle

Facebook Twitter LinkedIn Tumblr RSS

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.