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
Kraken's Owner Buys A Bank: The Lines Are Blurring
Payward, the parent company of the crypto exchange Kraken, has agreed to buy a European bank. It would be the first digi... Read more
Crypto Vaults: Big Money, Thin Protection
Anyone who has spent time around financial markets will recognise the pattern. A new product appears, the yields look ir... Read more
Major Players In Crypto Hacked
Crypto's Billion-Dollar Blind Spot: Inside the Bitget Heist and the Revolut Extortion Plot Read more
Circle Wins Landmark US Banking Licence
Circle Internet Group has finally secured the regulatory prize it has been chasing for more than a year, with Read more