A privacy-focused altcoin that uses eye-scanning artificial intelligence (AI) technology is implementing a new custody feature that will allow users to store their data on personal devices. In a new blog post, Worldcoin (WLD), created by OpenAI chief executive Sam Altman, says that the change will increase Worldcoin’s utility in general and is a step […]
The post Worldcoin Implements Features Allowing Users to Custody Their Data Exclusively on Personal Devices appeared first on The Daily Hodl.
The Audiencia Nacional (National Hearing), a Spanish special tribunal, has maintained the measures that the AEPD, the private data watchdog in the country, has taken against Worldcoin. The court determined that the defense of the general interest of protecting the people’s data must prevail over the company’s economic interest. Spanish Audiencia Maintains Suspension of Worldcoin […]
Worldcoin, the biometric iris scanning project, has introduced a complaint against the actions of the AEPD, the personal data protection agency in Spain. Tools For Humanity, the company behind Worldcoin, argues that the agency circumvented the General Data Protection Regulation (GDPR) established procedures when taking the ban actions against the project. Worldcoin to Fight Operations […]
Sam Altman’s privacy-focused crypto project Worldcoin (WLD) is taking legal action against the government of Spain after it was banned in the European nation. Earlier this week, the Spanish Data Collection Agency (AEPD) ordered Worldcoin to stop collecting information after receiving numerous custom complaints that its data-gathering process was infringing upon users. Furthermore, the AEPD […]
The post Sam Altman’s Worldcoin Takes Legal Action Against WLD Ban in Spain appeared first on The Daily Hodl.
Worldcoin, the biometric identity project, has been banned from operating in Spain for up to three months, according to a press release from the Spanish data agency, the AEPD. The agency will also require Worldcoin to stop using the already collected data from Spanish citizens, utilizing the EU’s General Data Protection Regulation (GDPR) as a […]
The government of Spain is ordering human identity-focused crypto project Worldcoin (WLD) to stop collecting data in the nation after receiving numerous complaints from customers. In a new press release, the Spanish Data Collection Agency (AEPD) is mandating that Worldcoin stop collecting personal data after getting multiple complaints that its data-gathering process infringed upon users. […]
The post Spain Orders Worldcoin (WLD) To Stop Collecting Data After Receiving Several Complaints appeared first on The Daily Hodl.
Torrevieja, a city of almost 90,000 inhabitants, aims to become one of the first crypto-friendly locations in Spain. The city, in alliance with Apymeco, its merchant association, will incentivize using cryptocurrency as a payment option and give courses for stores interested in learning how to receive and use cryptocurrency. Torrevieja to Incentivize Crypto Adoption Torrevieja, […]
Worldcoin (WLD) has announced its launch in Singapore a week after pausing operations in three other nations. In a new company blog post, Worldcoin – founded by OpenAI CEO Sam Altman – says that its launch in Singapore will cap off a landmark year for the identity verification protocol. “Individuals in Singapore can now verify […]
The post ‘Landmark Year’ for Worldcoin As Eyeball-Scanning Crypto Project Launches in Singapore appeared first on The Daily Hodl.
Spain and Brazil are chasing cryptocurrency stored abroad, while the U.K. wants taxes paid for crypto assets that weren’t previously declared.
Last week, His Majesty’s Revenue and Customs (HMRC) presented an unpleasant Christmas surprise to hodlers in the United Kingdom, demanding they declare any crypto holdings they failed to report in the last four, six or even 20 years. The disclosure must include “exchange tokens,” such as Bitcoin (BTC), as well as any nonfungible tokens (NFTs) and “utility tokens.”
Less harsh in its demands, the Spanish Tax Administration Agency has also reminded its citizens about their obligations to declare crypto, even if they store it abroad.
Brazil will also proceed to tax its citizens’ foreign crypto holdings via a bill already passed in the Chamber of Deputies and expected to be approved by President Luiz Inácio Lula da Silva. The change makes those funds taxable at the same rate as domestic funds.
The United States Securities and Exchange Commission is still looking for evidence that Binance.US had a backdoor to potentially control customer assets similarly to FTX. Anti-Money Laundering laws as part of a $4.3 billion settlement with the U.S.
An unconfirmed report suggests Taurus will provide crypto custodial services to Spanish financial services giant Banco Santander.
Spanish financial services giant Banco Santander has reportedly selected digital asset management firm Taurus to safeguard its Swiss clients’ Bitcoin (BTC) and Ether (ETH).
On Nov. 20, Santander Private Banking International’s Swiss private banking unit rolled out a new Bitcoin and Ether trading service for clients with Swiss accounts. A Santander spokesperson told Cointelegraph that clients will get access to crypto investment services only after requesting it through relationship managers.
A CoinDesk report citing “a person familiar with the arrangement” stated that the bank had appointed crypto custody firm Taurus for the safekeeping of the crypto assets. Cointelegraph reached out for confirmation from Santander, which declined to comment, saying:
“Unfortunately, it’s a no comment. We don’t comment on providers or possible providers.”
On Sept. 14, Taurus partnered with German banking giant Deutsche Bank to provide cryptocurrency custody options to its customers.
Taurus did not immediately respond to Cointelegraph’s request for comment.
Related: JPMorgan, Apollo plan for enterprise mainnet, execs reveal
While some banks tap into existing players for custodial needs, DZ Bank — the third largest bank in Germany by asset size — launched its own digital assets custody platform built on blockchain.
Holger Meffert, head of securities services and digital custody at DZ, expressed the bank’s interest in distributed ledger technology. The bank also hopes to offer institutional investors and private customers the facility to buy cryptocurrencies, “such as Bitcoin,” in the future.
Magazine: Real AI use cases in crypto, No. 2: AIs can run DAOs
