The Brazilian data protection authority has maintained its stance on limiting cryptocurrency rewards associated with the World ID project, based on worries about user privacy.
In a statement released on March 25th, The National Data Protection Authority (ANDP) declined to reconsider a prohibition against World ID developer Tools For Humanity, who had sought a review of the ban on providing monetary incentives for users supplying biometric data via iris scans.
The announcement states that ANDP will “temporarily halt the distribution of financial rewards, either in the form of cryptocurrency such as Worldcoin (WLD) or other formats, for any World ID generated by capturing iris scans and personal data from individuals in Brazil.
If the company continues with data collection activities, they risk being fined 50,000 Brazilian reais (equivalent to $8,800) each day.
At the point of the article’s release, CryptoMoon had made contact with Tools for Humanity, however, they hadn’t responded yet.
Last year in November, ANDP initiated an investigation into World (previously known as Worldcoin), due to apprehensions that the financial incentives might undermine users’ capacity to freely provide personal and sensitive biometric information.
The debated “World Identification System” comes into being when individuals consent to iris scans, resulting in a distinctive digital passport that verifies human identity online.
According to a report by CryptoMoon, the organization Tools For Humanity has been instructed to cease providing services to Brazilian residents starting from January 25th onwards.
Race for digital identity solution heats up
Despite facing legal issues in Brazil, the utilization of digital identification systems like World ID is increasing in various markets, driven by the surge of AI-generated deepfakes and Sybil attacks.
On social media sites like X and Facebook, the surge in bots and artificial intelligence is contributing to a dilution of the quality of online discussions. According to CryptoMoon’s findings, as many as 15% of the accounts on platform X might be automated.
According to research by Chainalysis, a company specializing in blockchain analysis, it was found that advanced AI technologies are increasing the profitability of cryptocurrency scams by facilitating the fabrication of false identities.
Some businesses strive to develop non-intrusive digital identity systems, aiming to avoid issues with privacy violations and potential legal repercussions. This year, Billions Network unveiled their digital identity system, which does not necessitate the use of biometric information.
The system operates using a verification method called Circom, a zero-knowledge technology, which has already undergone testing by prominent financial entities like HSBC and Deutsche Bank.
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2025-03-25 20:56