This is Why BayLDA Demanded Worldcoin Delete Iris Data
Germany’s privacy regulator, the Bavarian State Data Protection Office (BayLDA), ordered Worldcoin to delete users’ biometric data. The company has appealed the decision.
The legal challenge targets the core of the company’s EU operations and could severely hamper its growth in the region.
BayLDA challenges world currency
world(Formerly known as World Coin) is a digital identity project that collects iris scans and other biometric data from millions of users. Today, BayLDA issued a press release release Summarizing the findings of its ongoing investigation into World, it is deeply dissatisfied with the company’s compliance:
“The company is obliged to provide a GDPR-compliant deletion procedure within one month of the decision taking effect. In the future, WorldCoin will be obliged to provide explicit consent. Furthermore, the deletion of previously collected data has been ordered ex officio without sufficient legal basis. Certain data records.”
World immediately appealed BayLDA’s ruling and released a statement reply on its official blog. Essentially, the company claims the findings “are largely related to outdated operations and technology that will be replaced in 2024.”
In other words, the company claims to have improved its technology so much in the last year that regulators’ concerns are invalid.
The past few months have been WLD’s price-performance ratio faces difficult times. company Renamed “Worldcoin” in mid-OctoberBut the general bull market in November came late and retreated quickly.
it is WLD token surges 50% in a week After the US election, but Momentum soon stalled. However, the future prospects of the coin remain unstable
German financial authorities have taken a tougher stance on cryptocurrencies in recent months. July, Government sells entire Bitcoin stockpilethe regulator has since Carrying out massive exchange crackdown. In other words, BayLDA has acknowledged that World is appealing its decision and is unlikely to accept the challenge.
Nonetheless, the investigation began in early 2023 and the results were not released until today. Whatever the legal challenge happens between World and BayLDA, it’s difficult to predict the most likely outcome at this time.
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