Brazil Bans Worldcoin From Giving Crypto For Eye Checking – TradingView News
Brazil’s data protection watchdog has ordered the company behind the Universal ID Project’s Biometrics to stop offering encryption or financial compensation for collecting biometric data from its citizens.
The National Data Protection Authority (ANPD) on January 24 ordered Tools for Humanity (TFH), which is behind the World Crypto Network, formerly WorldCoin, to stop providing services to Brazilians from January 25 following an investigation that began in November following the launch of the Global ID project. In Brazil.
The ANPD Enforcement Division reported that it decided to introduce encryption because compensation could compromise the validity of user consent to the collection of sensitive biometric data.
World Network was co-founded in 2019 by Openai CEO Sam Altman. It uses IRIS biometrics developed by San Francisco and Berlin Mosts for Humanity with the aim of developing a global digital identity and financial network by scanning people’s iris with the futuristic “ORB”.
Under Brazilian law, consent to the processing of sensitive personal data must be free, informed, unambiguous, and specifically stated for certain purposes.
The ANPD was concerned about financial incentives potentially influencing decision making, especially those in vulnerable positions. He also expressed concerns about the sensitive nature of biometric data, the irreversible nature of data collection, and the inability to delete collected biometric data once it has been made available.
In December, Germany’s Data Protection Authority (BAYLDA) issued corrective measures for the Digital Identity Project on its engagement with the world of biometric data requests to implement measures to comply with the EU’s General Data Protection Rules.
The native token, WLF, has fallen more than 8% over the past 24 hours, falling below $2 at the time of writing. The token, which was launched to power the network in July 2023, has fallen 83% from its all-time high of $11.74, according to Coingecko.