BTC $71,807
2026 Bull Run Is Building Start trading with 5% OFF all fees
Sign Up Now
BTC $71,807
Bull Run 2026 | 5% Off Fees Open your Binance account today
Sign Up

Brazil Bans Crypto Rewards for Iris Scans as World Network Faces Regulatory Hurdle

Brazil Blocks Crypto Rewards for Iris Scans

  • Brazil‘s data protection agency ANPD halts World Network’s crypto incentives for iris scans.
  • The suspension takes effect from January 25, 2024.
  • Regulators determined crypto rewards could compromise user consent validity.
  • Tools for Humanity must cease offering financial compensation for biometric data collection.
  • The investigation began following World ID’s Brazil launch in November 2023.

Brazil Blocks Crypto Rewards for Iris Scans

- Advertisement -
Ad
Altseason Is Loading. Don't watch from the sidelines.
SOL $90.51
DOGE $0.0963
LINK $9.02
SUI $1.00
5% off fees when you sign up
Start Trading

Brazil’s National Data Protection Authority (ANPD) has prohibited Tools for Humanity (TFH) from offering cryptocurrency incentives in exchange for iris scans, affecting the company’s digital identity verification system known as World Network.

Regulatory Intervention

The ANPD issued a directive on January 24, 2024, mandating an immediate halt to the practice of compensating Brazilian citizens with cryptocurrencies for their biometric data. The regulatory body’s enforcement division concluded that financial incentives could potentially invalidate user consent in the data collection process.

Project Background

World Network, previously operating as Worldcoin, introduced its services in Brazil during November 2023. The project utilizes specialized orbs for iris scanning to create unique digital identities, aiming to distinguish between human users and Artificial Intelligence systems.

Biometric Data Protection

The ANPD’s decision reflects growing concerns about the commercialization of personal biometric information. This regulatory action aligns with similar protective measures implemented in other jurisdictions, where authorities have scrutinized the collection and storage of sensitive biological data.

- Advertisement -

The suspension specifically targets the financial incentive structure while authorities evaluate the broader implications of biometric data collection practices in the digital identity verification sector.

✅ Follow BITNEWSBOT on Facebook, LinkedIn, X.com, and Google News for instant updates.

Consider a small donation to support our journalism

Previous Articles:

- Advertisement -
Ad
Pay Less on Every Trade. For Life.
$10K/mo volume Save $60/yr
$50K/mo volume Save $300/yr
$100K/mo volume Save $600/yr
5% off all trading fees when you sign up
Claim Your Discount

Latest News

US-Iran Tensions Spook Crypto, Markets as Oil Swings

Bitcoin dropped 1.8% as escalating US-Iran tensions rattled global markets.Over $336 million was liquidated...

Resolv Labs’ USR Stablecoin Plunges After $23M Exploi

Resolv Labs suffered a private key exploit, resulting in the minting of 80 million...

Bitcoin’s Iran War Drop Less Severe Than Stock Market

Geopolitical tensions around the Strait of Hormuz are pushing oil prices toward $100 a...

Gold, Bitcoin buyers split, hedging bets for 2026

Gold's recent rally to $5,600 an ounce has been driven by central bank buying...

Scaramucci: Bitcoin Bear Market Due to Four-Year Cycle

SkyBridge's Anthony Scaramucci attributes the current Bitcoin bear market to the four-year cycle and...

Must Read

How Cryptocurrency Works For Beginners?

Welcome to the world of cryptocurrency! If you're new to this exciting and rapidly evolving landscape, you might feel like Alice in Wonderland, exploring...
Ad
Altseason Is Loading. These 4 coins are trending right now.
SOL $92.12
DOGE $0.0950
LINK $9.02
SUI $1.02
5% off spot fees when you sign up
Start Trading