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Freeman [soylentnews.org] writes:

https://arstechnica.com/tech-policy/2024/03/spain-tells-sam-altman-worldcoin-to-shut-down-its-eyeball-scanning-orbs/ [arstechnica.com]

Spain has moved to block Sam Altman’s cryptocurrency project Worldcoin, the latest blow to a venture that has raised controversy in multiple countries by collecting customers’ personal data using an eyeball-scanning “orb.”

The AEPD, Spain’s data protection regulator, has demanded that Worldcoin immediately ceases collecting personal information in the country via the scans and that it stops using data it has already gathered.

The regulator announced on Wednesday that it had taken the “precautionary measure” at the start of the week and had given Worldcoin 72 hours to demonstrate its compliance with the order.
[...]
In the face of growing scrutiny, Altman told the Financial Times he could imagine a world where his start-up could exist without its in-house cryptocurrency.

Worldcoin has registered 4 million users, according to a person with knowledge of the matter. Investors poured roughly $250 million into the company, including venture capital groups Andreessen Horowitz and Khosla Ventures, internet entrepreneur Reid Hoffman and, prior to the collapse of his FTX empire, Sam Bankman-Fried.

The project attracted media attention and prompted a handful of consumer complaints in Spain as queues began to grow at the stands in shopping centers where Worldcoin is offering cryptocurrency in exchange for eyeball scans.
[...]
“I want to send a message to young people. I understand that it can be very tempting to get €70 or €80 that sorts you out for the weekend,” España Martí said, but “giving away personal data in exchange for these derisory amounts of money is a short, medium and long-term risk.”

Previously on SoylentNews:
Ready for Your Eye Scan? Worldcoin Launches—but Not Quite Worldwide [soylentnews.org] - 20230726

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