Brazil’s data watchdog upholds ban on World crypto payments

Brazil’s data protection agency has upheld its decision to restrict cryptocurrency compensation tied to the World ID project, citing user privacy concerns.  The National Data Protection Authority (ANDP) rejected a petition by World ID developer Tools For Humanity to review its ban on offering financial compensation to users who provide biometric data through iris scans, the agency said in a March 25 announcement.   ANDP will “maintain the suspension of the granting of financial compensation, in the form of cryptocurrency (Worldcoin - WLD) or in any other format, for any World ID created by collecting iris scans of personal data subjects in Brazil,” a translated version of the announcement reads.   The company faces a daily fine of 50,000 Brazilian reais ($8,800) if it resumes data collection activities source: https://cointelegraph.com/news/brazil-data-watchdog-world-crypto-payments?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound