Bavaria's State Office for Data Protection Supervision has been looking into the Worldcoin crypto project since last year.
crypto project since last year over concerns about how sensitive data might be used, Reuters reported.
"These technologies are at first sight neither established nor well analyzed for the specific core purpose of the processing in the field of transferring financial information," Reuters cited the regulator's president, Michael Will, as saying. The Bavarian regulator is the lead authority looking at Worldcoin under European Union data protection rules.
Will added that consent is another major risk, such as whether users have"sufficient and clear" information about how Worldcoin uses their sensitive biometric data.German authorities have been investigating Worldcoin since November as Worldcoin parent company Tools for Humanity has a subsidiary in the country.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Report: French Privacy Regulator Probes Worldcoin's Biometric Data Practices – Bitcoin NewsThe National Commission on Informatics and Liberty (CNIL), has raised doubts about the legality of Worldcoin's biometric data collection. WLD
Les mer »
My Eyeball Met With Sam Altman’s Crypto AI ScannerWorldcoin says it wants to ID humanity by scanning the world's eyeballs. But it needs more regulatory scrutiny first, argues LionelRALaurent via opinion
Les mer »
Our oddest photos of the week | Pictures | ReutersEvald Krnic, a diver from Montenegro, jumps from a bridge during a competition on the White Drin River, near the town of Gjakova, Kosovo July 23, 2023. REUTERS/Fatos Bytyci
Les mer »
Hopes of 'Goldilocks' economy, rate peak buoy US stocks By Reuters⚠️WALL STREET WEEK AHEAD: *EARNINGS PARADE INCLUDES APPLE, AMAZON, AND AMD + U.S. JOBS REPORT TO SHED FURTHER LIGHT ON SOFT-LANDING HOPES 🇺🇸🇺🇸
Les mer »
Asia shares up as China talks stimulus; Japanese yields a risk By Reuters⚠️BREAKING: *ASIA STOCKS JUMP ACROSS THE REGION TO START THE WEEK AMID CHINA STIMULUS HOPES 🇯🇵🇦🇺🇨🇳🇭🇰🇰🇷🇮🇩🇮🇳
Les mer »
Before suing Coinbase, SEC asked it to trade only in bitcoin - FT By Reuters*SEC ASKED COINBASE TO STOP TRADING IN CRYPTOCURRENCIES OTHER THAN BITCOIN PRIOR TO SUING $COIN $BTC BTC
Les mer »