Spain's High Court upholds temporary ban on Worldcoin's iris-scanning crypto project over child participation and privacy concerns

Worldcoin, a crypto project that collects iris data to create a digital ID database, has been hit with a temporary three-month ban by Spain's Data Protection Agency (AEPD) due to concerns over child participation and privacy rights. The AEPD has prohibited Worldcoin from collecting any more personal data or using any data it had already gathered. Worldcoin filed a lawsuit against the ban, but the High Court rejected the request, citing the "safeguarding of the public interest" and Worldcoin's "unsubstantiated assertions". Despite concerns over privacy issues, Worldcoin's WLD token has risen more than 280% in the past month and currently sits at just under $10.