#WLD​​​ $WLD

Brazil banned Worldcoin from offering cryptocurrencies in exchange for iris scans

Brazil's data protection agency has ordered Tools for Humanity (TFH) to stop offering cryptocurrencies in exchange for biometric data from its citizens. This decision was made on January 24 and will take effect on January 25 following an investigation into the World ID project, which uses iris scanning.

The National Data Protection Authority (ANPD) determined that offering cryptocurrencies could affect users' consent to collect sensitive data. ANPD also expressed concerns about financial incentives and their impact on decisions made by vulnerable individuals. In December, Germany also took action against the handling of biometric data from the project.

The WLD token has fallen more than 8% in the last 24 hours, now below 2 dollars, and has decreased by 83% since its all-time high of 11.74 dollars.