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Worldcoin (WLD)’s Return to Spain: A Look at Community Support and Enhanced Data Security Measures
At Extreme Investor Network, we delve into the latest developments in the world of cryptocurrency and blockchain technology. Recently, a survey conducted by Tools for Humanity (TFH) revealed that almost 90% of World ID holders in Spain are in favor of the return of Worldcoin (WLD). With over 21,000 respondents, the survey highlighted the importance of World ID in establishing online trust, with 82% of participants considering it crucial.
Voluntary Pause on Operations and Data Protection Compliance
TFH has voluntarily decided to extend the pause on Worldcoin orb operations in Spain to allow the Bavarian Data Protection Authority (BayLDA) to complete its audit of Worldcoin’s compliance with the General Data Protection Regulation (GDPR). The audit, which has been ongoing for over a year, has seen TFH’s full cooperation. The orb operations will remain paused until the end of 2024 or until the conclusion of the BayLDA consultation process with other EU data protection authorities.
Enhanced Privacy and Security Measures
To address privacy concerns, TFH has implemented advanced age verification controls, converted old iris codes into Secure Multi-Party Computation (SMPC) shares, and introduced an optional World ID unverification feature for users to delete their iris codes. These measures have been recognized by the Spanish Data Protection Agency (AEPD), which closely monitors the project’s compliance with data protection regulations.
Survey Results and Community Support
The survey results exemplify the strong community support for Worldcoin’s return to Spain. Thomas Scott, Chief Legal Officer at Tools for Humanity, emphasized the importance of World ID technologies in differentiating between bots and humans online. He expressed commitment to transparency and regulatory compliance, aiming to build trust with regulatory authorities and the public.
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By adding insights on the significance of World ID technologies, the regulatory landscape, and the community support for Worldcoin’s return to Spain, readers are drawn to the unique perspective provided by Extreme Investor Network. This blog post not only informs but also engages readers with valuable information.