Spain

Worldcoin has agreed to temporarily halt operations in Spain amidst investigations from the Spanish privacy watchdog, AEPD. The watchdog has raised concerns over the treatment of Spain citizen’s data by the company with the company’s economic interests. Worldcoin has confirmed that it has agreed with Spain to halt operations in the country pending investigations. Worldcoin enjoys investor support in the European country and any development in the region has been garnering much attention. Its regulatory troubles in Spain began in…

A recent survey by Worldcoin claims that 90% of its users in Spain want it to resume services after the country’s data regulator banned it and forced it to shut down. The project announced this week that its services will be suspended in Spain for the rest of the year, joining countries like Hong Kong, Kenya, and Portugal, which have all banned its iris-scanning technology. Worldcoin has been in the spotlight globally for its squabbles with regulatory authorities, some of…

Tools for Humanity has voluntarily extended the suspension of Worldcoin’s activities in Spain for the rest of the year to give the regulator auditing its GDPR compliance sufficient time for the assessment. Despite the suspension news, the WLD token has gained 4%, but it has dipped 23% in the past month and lost 55% since the start of March. Worldcoin’s scrutiny by global regulators is unlikely to stop anytime soon. In the latest development, the project has suspended its activities…

Roger Ver “Bitcoin Jesus” was recently reported to have been arrested in Spain for causing a loss of almost $50 million to the IRS.  Interestingly, details suggest that he under-reported his assets during his expatriation, but a section of the crypto community believes the reason for his arrest goes deeper than that.  Crypto News Flash recently published a comprehensive report on the arrest of Roger Ver, also known as Bitcoin Jesus, on allegations of mail fraud, tax evasion, and subscription…

Per a CoinATMRadar report, Spain now ranks third globally in terms of crypto ATM installations within its borders. The European nation has pushed past El Salvador to sit behind the USA and Canada. Spain Now 3 ATMs Ahead of El Salvador According to the data, crypto users in Spain now have access to a total of 215 crypto-optimized ATMs. Indeed, Spain is responsible for 0.6% of crypto ATM installations around the world. Notably, El Salvador only falls behind by 0.1%…

Spain will crackdown on crypto influencers to protect investors and combat crypto scams. New regulations will require big influencers to notify authorities before promoting crypto. They will also have to warn of the risks associated with crypto investing. Moreover, influencers will have to disclose to their fans that they are getting money to promote crypto. Influencers that don't follow these rules will have to pay steep fines. New rules mean that influencers will have to disclose their affiliation with crypto…

Spain's apex bank Banco de Espana is set to research the development of a CBDC. Banco de Espana released a strategic plan report where it revealed its priorities from 2020 to 2024. The apex bank plans to analyze policies from the European Central Bank (ECB) and trends within the Spanish economy. The report also looks at the effect of covid on banks, negative interest rates, and policies. Also, it revealed that CBDC research was a priority as part of new financial…