Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Brazil prohibits Worldcoin from offering crypto for iris scans

Brazil prohibits Worldcoin from offering crypto for iris scans

GrafaGrafa2025/01/27 09:00
By:Mahathir Bayena

Brazil's National Data Protection Authority (ANPD) has mandated that Tools for Humanity, the company behind the iris-scanning digital ID project formerly known as Worldcoin (CRYPTO:WLD), cease offering cryptocurrency incentives for biometric data collection.

This decision, effective January 25, follows an investigation initiated in November after the launch of the World ID project in Brazil.

The ANPD concluded that providing crypto compensation could undermine the validity of user consent when collecting sensitive biometric information.

The organisation emphasised that consent for processing personal data must be free and informed, without coercive financial incentives influencing individuals' decisions.

The project, co-founded by OpenAI CEO Sam Altman, aims to create a universal digital identity system through iris scans.

However, concerns were raised about the irreversible nature of biometric data collection and the potential inability to delete such data once provided.

The ANPD's ruling reflects a growing scrutiny of biometric data practices globally, as evidenced by similar actions taken by authorities in Germany and other countries.

In response to the ruling, Tools for Humanity stated it is working with the ANPD to ensure compliance and maintain participation in the World network.

Despite these assurances, the native token for the project, WLF, has seen a decline of over 8% in value recently, dropping below $2.

This decline represents an 83% decrease from its all-time high of $11.74 earlier this year.

At the time of reporting, the Worldcoin (WLD) price was $1.90.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Best Cryptos For Beginners? Discover BTFD’s 100% Bonus, Shiba Inu’s Multi-Billion Cap, and Pepe’s Huge Trading Volume

Best cryptos for beginners? BTFD Coin offers a 100% bonus, while Shiba Inu and Pepe dominate trading volumes. Don’t miss out!BTFD Coin: The Bulls Squad Is Your Ticket to 3650% GainsShiba Inu: The OG Meme Coin Still Going StrongPepe: The Meme That Became a Trading Volume MonsterHow to Claim the LAUNCH100 Bonus Code on $BTFDFinal Thoughts: Don’t Sleep on BTFD Coin’s Presale

Coinomedia2025/03/01 10:44

Vitalik Buterin: AI Needs Human Steering and Blockchain Support

Vitalik Buterin highlights the need for human-guided AI and blockchain's role in ensuring decentralized decision-making.AI as a Tool, Not an Autonomous ForceThe Role of Blockchain in AI GovernanceEnsuring Transparency and Ethical AI

Coinomedia2025/03/01 10:44