Crypto Legal processes related to money continue around the world and will not end unless global standards are established. There are no globally accepted rules in this field yet. Cryptocurrency startups face different treatment in different jurisdictions. Some regions give incentives, while others impose sanctions.
WLD Coin News
It scans users’ eyes and creates their unique identities on the blockchain with their biometric data. world project continues its legal struggle. A new statement about the case was made in Germany today. In today’s statement, the Bavarian State Data Protection Supervisory Office requested the deletion of the available data.
“The company will be obliged to provide a deletion procedure in accordance with the provisions of the GDPR within one month from the entry into force of the decision.”
The Bavarian State Data Protection Supervisory Office, which is responsible for the implementation of the General Data Protection Regulation, makes this statement based on an investigation launched in April last year.
Defense of the World Team
The team experienced problems in many regions around the world and took various steps to eliminate them. OpenAI World, which is supported by its CEO Sam Altman and is thought to take serious responsibility in the future where artificial intelligence dominates the internet, is praised by Sam at every opportunity. In previous statements, Sam mentioned that the World initiative will be very useful for detecting real people on the internet and its popularity in the field of AI WLD CoinIt also works for .
The World team said it would take steps within a few months to address regulators’ concerns, including switching to a system where World no longer stores biometric data. In today’s announcement, the World team wrote;
“The results of BayLDA’s investigation largely relate to legacy operations and technologies that were replaced in 2024. “In an effort to go beyond GDPR requirements, iris codes used to verify a person’s World ID are no longer stored and previously collected iris codes have been voluntarily deleted to ensure no personal data is retained to operate World ID.”
WLD Coin price He was not affected by the latest development. If the change in operating logic can convince the regulators, the problems in countries such as Spain and Portugal can be eliminated and possible investigations initiated by other countries can be prevented.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
