Data Collection Concerns
In March, Spanish regulators ordered Worldcoin to stop collecting data due to complaints about its invasive data-gathering process. Worldcoin claimed it complied with all Spanish laws and planned to take legal action.
User Survey
Worldcoin conducted a survey of 21,000 Spanish users and found that 87% support its return. The survey also indicated that 81% of respondents felt safe using Worldcoin.
Operations Paused
Worldcoin has agreed to halt operations in Spain until the end of 2024 to allow regulators to complete an audit. The company is cooperating with the authorities.
Market Impact
As of writing, Worldcoin (WLD) is trading at $4.93, showing a slight increase over the past 24 hours.
