The Brazil data protection agency promotes its decision to tighten the cryptocurrency payment tied to the World ID project, citing user privacy concerns.
The National Data Protection Authority (ANDP) has rejected a petition of World ID Developer Tools for Humanity to review its ban on offering financial compensation to announcement.
The AndP will “maintain suspension of financial payment payment, in the form of cryptocurrency (WorldCoin – WLD) or in any other format, for any World ID created by collecting iris scans of personal data topics in Brazil,” a translated version of the read announcement.
The company is facing a sunny fine of 50,000 Brazilian Reais ($ 8,800) if it continues data collection activities.
Cointelegraph reached tools for humanity but did not receive a response at the time of publication.
World ID verification in Brazil is short-lived, along with the ATP’s data collection of more than two months after its launch in the country. Source: Worldcoin
Andp’s investigation into the world, formerly known as WorldCoin, began in November last year amid concerns that financial rewards can compromise the use of users to adhere to the offer of sensitive biometric data.
The controversial “World ID” is created when users adhere to the Iris scannings, forming a unique digital passport that can prove people online.
Number Cointelegraph reportedTools for humanity were ordered to stop offering services to the people of the people on January 25.
Related: Blockchain identification platform costs $ 1.1b after funding
The breed for digital identity solution eats
Although World ID runs Brazil law, the use of digital identification methods is growing in other markets due to increasing Ai deepfakes and Sybil attack.
Raising bots and AIs also pour online discourse on social media platforms such as X and Facebook. Number Cointelegraph reportedUp to 15% of X account is believed to be bots.
Research from Blockchain Analytics Firm Chainalysis also showed that Generative AI is Making scams in crypto is more profitable By enabling the creation of fake identities.
https://www.youtube.com/watch?v=j9KKDXJSOGE
Some companies attempt to create digital identity solutions without the constraint of privacy concerns and regulatory crackdowns. Earlier this year, Billion -Billions of Network launched Own digital identity platform that does not require biometric data.
The platform is based on a zero-verification technology known as Circom and has been tested by major financial institutions such as HSBC and Deutsche Bank.
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