Worldcoin Under Joint Franco-German Investigation for Data Collection Practices

Worldcoin Under Joint Franco-German Investigation for Data Collection Practices



Data regulators from France and Germany are collaborating to examine the data collection techniques of Worldcoin, specifically zeroing in on its use of iris scans.



The French Data Protection Authority, CNIL, has recently turned its attention to Worldcoin, conducting an inquiry at the company's Paris-based office this week. This makes Worldcoin the latest cryptocurrency platform to come under rigorous regulatory oversight in the European Union.



Initially flagged by CNIL in July, the spotlight has been on Worldcoin's data-gathering techniques. The main issue of concern is whether the platform's collection of iris scans for digital identification is compliant with the European Union's General Data Protection Regulation (GDPR).



Worldcoin, co-founded by prominent figures like OpenAI's CEO Sam Altman, has been open to dialogues


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#Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #France, #Germany, #News, #OpenAI, #Regulations, #Worldcoin

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