Brazilian data Watchdog supports the ban on World Payment Cripto – Tradingview News

The Brazilian data protection agency confirmed its decision on limiting the compensation of cryptocurrency related to the World ID project, referring to the concerns of the user’s privacy.

The National Data Protection Authority (ANDP) has rejected the Tool for World Humanity Developers to review their ban on financial compensation to users who provide biometric data through IRIS scanning, the Agency announced the announcement.

The Andp will “maintain suspension of financial compensation, in the form of cryptocurnance (VorldCoin – VLD), for any world ID by collecting the IRIS scan of personal data in Brazil,” translated version of the announcement “” translated version of the announcement “read.

The company is facing a daily fine of 50,000 Brazilian reactions ($ 8,800) if it continues data collection activities.

Coinderelegraph reached tools for humanity, but did not receive a response at the time of publication.

The EDP investigation of the world world, earlier known as the world, began in November last year in the middle of worrying that financial prizes could jeopardize the user’s ability to agree to offering sensitive biometric data.

The controversial “World ID” is created when users agree with the IRIS scan, which generates a unique digital passport that can confirm people online.

As reported by cointelegraph, the tools for humanity are ordered to stop offering services to Brazilians from 25. January.

Race for digital identity The solution was heated

Although World ID ran into Brazilian law, the use of digital identification methods increases in other markets due to the increase in AI Deepfakes and Sybil attacks.

The rise of bots and AI also watered on network discourse on social media platforms such as X and Facebook. As a cointeller signed, it is believed to be 15% to the bot’s order.

The BLICKCHAIN ​​ANALITICS FIRA sprocket survey also showed that generation AI forms a crypto fraud more cost effective by enabling the creation of false identities.

Some companies are trying to create digital personal solutions without initiating privacy concerns and regulatory regulations. Earlier this year, the billion network launched its digital personal platform that does not require biometric data.

The platform is based on zero knowledge verification technology known as Circom and has already tested the main financial institutions such as HSBC and Deutsche Bank.