Worldcoin Ban in Spain Extended Until End of 2024

Tools for Humanity, a project contributor, has voluntarily extended the suspension of Worldcoin orb operations in Spain, The Block reported.

Blockchain-based identity verification project Worldcoin (WLD/USD) has seen its ban extended in Spain until the end of 2024.

What Happened: Tools for Humanity, a contributor to the project, has voluntarily extended the suspension of Worldcoin orb operations in Spain, The Block reported.

Worldcoin’s activities will now remain suspended until the end of this year or until the completion of the GDPR audit by the Bavarian Data Protection Authority, the regulatory body overseeing the project throughout the EU.

The Worldcoin project, backed by Tools for Humanity, is designed to establish a system where individuals can authenticate their humanity. Participants receive WLD tokens as a reward for having their eyeballs scanned by a Worldcoin orb, which creates a World ID that verifies their personhood.

The Spanish Data Protection Authority ordered Worldcoin to halt its operations in March, a decision that was legally challenged by Tools for Humanity.

However, the ban was upheld by the Spanish National Court.

Worldcoin was banned in Portugal and Kenya earlier this year. In May, Hong Kong’s privacy commissioner asked the blockchain-based identity verification project to shut down all its operations in the administrative region.

The project collects people’s irises to authenticate their humanness and creates a digital ID, thereby making them eligible to receive free WLD tokens.

This process has raised privacy concerns worldwide, leading to several bans and restrictions on the project's activities.

Price Action: WLD slipped 0.33% in the last 24 hours to trade at $4.79 as of this writing, according to data from Benzinga Pro.

The coin’s value has halved since peaking in early March.