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