Worldcoin, a crypto-project focusing on identity and developed by Sam Altman (WLDIt is one of top performing crypto assets for the past several days. This is due to the regulatory scrutiny it has received in Europe.
The government of Spain has ordered Worldcoin not to collect data in Spain after numerous complaints by customers.
The Spanish Data Collection Agency mandated Worldcoin must stop collecting personal information after it was alleged that they had violated the privacy rights of users.
Worldcoin is a tech project from Tools For Humanity. says It will take legal action against Spain, as it is compliant with all laws.
WLD’s price has risen in the midst of the regulatory fight. WLD’s price is $10.56 at the time this article is written. This is an increase of 337% within the last month and 43% over the last 24-hours. WLD has a market cap of $1.562 billion. However, since only 148.5 millions out of 10 billion tokens have been issued, the fully diluted value is now more than $105 billion.
Worldcoin follows a 15-year vesting plan, which includes token distribution to the WLD Community, TFH Investors, Initial Development Team and TFH Reserve.
Late last year, Worldcoin – co-founded by Sam Altman, the chief executive of OpenAI – had its operations paused In Brazil, India, and France its price plummeted by 20%.
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Source: dailyhodl.com