{"id":20682,"date":"2025-01-27T17:59:45","date_gmt":"2025-01-27T15:59:45","guid":{"rendered":"https:\/\/forklog.com\/en\/brazils-data-watchdog-blocks-worlds-biometric-payouts\/"},"modified":"2025-01-27T17:59:45","modified_gmt":"2025-01-27T15:59:45","slug":"brazils-data-watchdog-blocks-worlds-biometric-payouts","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/brazils-data-watchdog-blocks-worlds-biometric-payouts\/","title":{"rendered":"Brazil\u2019s data watchdog blocks World\u2019s biometric payouts"},"content":{"rendered":"

Brazil\u2019s National Data Protection Authority (ANPD) has moved<\/a> to suspend World\u2019s (formerly Worldcoin<\/a>) payments of financial incentives for collected biometric data.<\/p>\n

The agency opened an investigation into Tools for Humanity, the company behind the project, in November 2024.<\/p>\n

Founded in 2019 by Sam Altman and Alex Blania, the firm aims to build a global digital identity and financial network. The World ID protocol verifies a user\u2019s identity by scanning the iris with orbs, paying rewards in WLD tokens.<\/p>\n

ANPD concluded that compensation in cryptocurrency may influence a data subject\u2019s consent. Under the rules, permission to process such information, including biometrics, must be granted freely, with full information and for specific purposes.<\/p>\n

The agency noted that financial incentives pose particular risks for low-income groups\u2014the sums carry greater weight for them. Moreover, the collected data cannot be deleted<\/a>, nor can consent be withdrawn, ANPD specialists said.<\/p>\n

Following the investigation, the agency imposed preventive measures against Tools for Humanity, effective 25 January.<\/p>\n

In December 2023 the project disabled biometric verification for users in Brazil, India and France. World\u2019s activities have drawn the attention of authorities in the UK, Germany, Argentina, Colombia<\/a>, Singapore<\/a> and Kenya.<\/p>\n

In May 2024 Argentina\u2019s president Javier Milei met<\/a> with Altman and Blania to discuss Tools for Humanity\u2019s investment in the country. In June Kenya\u2019s prosecutor\u2019s office ordered to close the case<\/a> against the project.<\/p>\n

In a Series C round in May 2023, Tools for Humanity raised $115m. The parties did not comment on a possible valuation. According to Dealroom<\/a>, the company\u2019s current valuation is in the range of $460m\u2013$690m.<\/p>\n

Over the past 24 hours, the WLD token\u2019s price has fallen by almost 10% amid a broader market correction. The coin trades around $1.9\u201464% below the all-time high set in March 2024 (CoinGecko<\/a>).<\/p>\n

\"WLD_2025-01-27_17-21-52\"
Data: GeckoTerminal.<\/figcaption><\/figure>\n

The asset\u2019s market capitalisation is $1.8bn.<\/p>\n

In September the company said it had begun testing facial recognition<\/a> technology for the World App in select locations.<\/p>\n

Rivals are not idle\u00a0\u00a0\u00a0\u00a0<\/h2>\n

Blockchain start-up Humanity Protocol secured a fully diluted valuation of $1.1bn after raising $20m in a funding round led by Pantera Capital and Jump Crypto.<\/p>\n

\n

? HUGE NEWS ALERT<\/p>\n

We are excited to announce @Humanityprot<\/a>‘s latest funding round at $1.1 billion FDV, co-led by @PanteraCapital<\/a> and @jump_<\/a> <\/p>\n

This investment represents a vote of confidence in Humanity Protocol\u2019s mission to redefine decentralized identity.<\/p>\n

Details \u2b07\ufe0f pic.twitter.com\/kSfP8HgYUX<\/a><\/p>\n

\u2014 Humanity Protocol ?\ufe0f (@Humanityprot) January 27, 2025<\/a><\/p><\/blockquote>\n