Germany Gives Order for Popular Altcoin! Last Day is January 19!
The post Germany Gives Order for Popular Altcoin! Last Day is January 19! appeared on BitcoinEthereumNews.com.
Worldcoin (WLD), which has been at the center of controversy since its launch, has failed to overcome the problems it has had with countries. At this point the last news came from Germany. Worldcoin, the cryptocurrency-based digital identity project co-founded by OpenAI CEO Sam Altman, is under renewed scrutiny as German regulators demand compliance with European Union (EU) data protection laws. The Bavarian State Office for Data Protection Supervision (BayLDA) said in a statement that the investigation focused on whether Worldcoin’s core technology, World ID, complies with GDPR standards. At this point, BayLDA ordered Worldcoin to implement a GDPR-compliant data deletion protocol by January 19 at the latest. GDPR is a comprehensive EU law designed to protect individuals’ personal data and privacy, and imposes strict rules on how data is collected, processed and stored. Michael Will, BayDLA State Office Director, said: “With today’s decision, we apply European fundamental rights standards in favour of data owners in a technologically challenging and legally complex case. With this decision, all users who provide their iris data to Worldcoin will have an unrestricted opportunity to exercise their right to erasure in the future.” Worldcoin has received the German regulator’s decision and plans to appeal it, according to a statement from the institution. Worldcoin, which has had problems with regulators in many countries, voluntarily suspended some of its operations in EU countries during the investigations and made updates to improve compliance. However, countries like Kenya and Portugal have temporarily banned the project due to privacy concerns. Worldcoin, which has fallen by 7.7% in the last 24 hours, continues to trade at $2.22 at the time of writing. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/germany-gives-order-for-popular-altcoin-last-day-is-january-19/
Filed under: News - @ December 20, 2024 12:24 pm