The Worldcoin project developed by OpenAI CEO Sam Altman has been banned in Spain due to a comprehensive investigation.
Worldcoin (WLD) is facing another investigation in a country due to its controversial data collection project. Spain’s data-focused regulator has banned the WLD project in the country for 3 months as part of the investigation led by Sam Altman.
The regulator in Spain issued a precautionary measure against the company behind Worldcoin, Tools for Humanity. The regulatory body stated that they have received numerous complaints about the Worldcoin project.
Furthermore, the institution ordered the project to stop processing personal data collection and to cease the use of any data already collected.
Worldcoin responded to the temporary ban from Spain by stating that they have been in communication with the Bavarian data protection authority for more than a year to ensure compliance with the General Data Protection Regulation (GDPR) of the European Union (EU).
Last week, South Korea’s privacy authority also announced an investigation into Worldcoin due to users’ privacy concerns regarding personal information.
According to CoinGecko data, Spain’s decision did not significantly impact the price of WLD. At the time of writing, WLD is trading at $7.25 with a 6.9% increase in the last 24 hours.