Worldcoin suspends Spanish operations amid data protection investigation!

Key points:

Worldcoin will suspend its operations in Spain until the end of the year, following the AEPD’s order to cease data collection, or until the German Data Protection Agency concludes its investigation.

Worldcoin is introducing age verification controls and giving users the option to remove their iris code in response to regulatory scrutiny over data privacy concerns.

This suspension highlights the challenges faced by cryptocurrency platforms in navigating different regulatory frameworks globally and highlights the importance of regulatory compliance in the cryptocurrency industry.

Worldcoin has agreed to cease all activities in Spain by the end of this year(…)