🔥 Premium AI-powered Stock Picks from InvestingPro Now up to 50% OffCLAIM SALE

Sam Altman's Worldcoin files lawsuit after Spanish ban

Published 03/08/2024, 11:57 AM
Updated 03/08/2024, 01:36 PM
© Reuters. FILE PHOTO: People queue to use WorldCoin's iris-scanners in Madrid, Spain, March 6, 2024. REUTERS/ Antoine Demaison/FILE PHOTO

By Elizabeth Howcroft and Emma Pinedo

LONDON (Reuters) - Sam Altman's Worldcoin has filed a lawsuit against the Spanish data protection regulator in response to being banned from operating in Spain, a spokesperson for Worldcoin said on Friday.

Worldcoin aims to create a global identity system, and involves people getting their irises scanned in exchange for free cryptocurrency and a digital ID.

Spain's data protection regulator, the AEPD, said on Wednesday that it had told Worldcoin to stop collecting personal information and stop using data it had already gathered.

Worldcoin said in response to the ban that the AEPD was "circumventing EU law" and "spreading inaccurate and misleading claims about our technology".

The AEPD did not immediately respond to requests for comment.

Worldcoin said in a statement on its website that the company behind the project, Tools for Humanity, had filed a lawsuit against the AEPD's order.

The statement said that the AEPD had circumvented the "accepted EU process and rules" and "established procedures under GDPR" (the European Union's General Data Protection Regulation), without giving details.

A spokesperson for Worldcoin said that the lawsuit was a motion to suspend the AEPD's order, and that it was submitted to the Administrative Chamber of Spain's High Court.

The company also said it had paused all of its "World ID verification services" in Spain, referring to sign-up sites at which people can get their eyeballs scanned by Worldcoin's "orb" devices.

© Reuters. FILE PHOTO: People queue to use WorldCoin's iris-scanners in Madrid, Spain, March 6, 2024. REUTERS/ Antoine Demaison/FILE PHOTO

More than 4 million people in 120 countries have signed up to have their irises scanned by Worldcoin, according to its website. But the project has drawn criticism from privacy campaigners from Argentina to Germany over the collection, storage and use of personal data.

The AEPD said on Wednesday its action against Worldcoin came following complaints regarding insufficient information, the collection of data from minors or not allowing for the withdrawal of consent.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.