Worldcoin (WLD)'s Return To Spain Supported By 90% Of World ID Holders

Worldcoin (WLD)'s Return to Spain Supported by 90% of World ID Holders

According to a recent survey conducted by Tools for Humanity (TFH), nearly 90% of World ID holders in Spain support the return of Worldcoin (WLD). The survey, which included over 21,000 respondents, revealed that 82% of participants consider World ID crucial for online trust.

Voluntary Pause on Operations

TFH has voluntarily extended the pause on Worldcoin orb operations in Spain. This extension aims to provide the Bavarian Data Protection Authority (BayLDA) additional time to complete its audit of Worldcoin's compliance with the General Data Protection Regulation (GDPR). The audit has been ongoing for over a year, with TFH's full participation.

TFH has committed not to resume orb operations in Spain until the end of 2024, or until the BayLDA consultation process with other European Union data protection authorities is concluded, whichever comes first.

Enhanced Privacy and Security Measures

To address privacy concerns, TFH has implemented several new measures. These include advanced age verification controls, the deletion of old iris codes by converting them into Secure Multi-Party Computation (SMPC) shares, and an optional World ID unverification feature that allows users to delete their iris codes.

These measures have been acknowledged by the Spanish Data Protection Agency (AEPD), which has been closely monitoring the project's compliance with data protection regulations.

Survey Results and Community Support

The survey results indicate strong community support for Worldcoin's return to Spain. According to Thomas Scott, Chief Legal Officer at Tools for Humanity, the survey shows that World ID technologies are seen as essential for distinguishing between bots and humans online. He stated, "Our commitment demonstrates just how fully committed Tools for Humanity and all Worldcoin project contributors are to explaining the project to AEPD and to allowing BayLDA the opportunity to thoroughly review the project and its technology."

TFH's decision to extend the pause on operations underscores its commitment to transparency and regulatory compliance, aiming to build trust with both regulatory authorities and the general public.



Image source: Shutterstock

. . .

Tags

RECENT NEWS

Crypto Treasuries Chase A New Kind Of Capital

There is a peculiar irony at the heart of the crypto treasury movement. Companies that staked their futures on digital a... Read more

What Strategy's Bitcoin Sale Really Tells Us

There is a moment in every bull run when the narrative starts to fray. Not with a crash, not with a scandal, but with so... Read more

The Clock Is Ticking On UK Stablecoins

The world is not waiting for Britain to make up its mind. While the United States and the European Union have spent the ... Read more

From Cypherpunk To Citadel

How Crypto Moved from the Wild West to the Mainstream Financial SystemA long-form analysis of Bitcoin's journey from fri... Read more

Tether Plots Global Expansion

Stablecoin leader seeks to transform itself from crypto plumbing provider into a broad “freedom tech” conglomerateTe... Read more

World Liberty Seeks Federal Trust Charter

World Liberty Financial, the crypto venture backed by the Trump family, has applied for a US national bank trust charter... Read more