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Argentina's data privacy government agency is following in France and the United Kingdom's footsteps by investigating the eye-scanning crypto project Worldcoin (WLD). The Agency of Access to Public Information (AAIP) says in a new press release it's looking into how the Worldcoin Foundation collects, stores and uses personal data in Argentina.
Worldcoin faces mounting regulatory pressure as Argentina delves into its operations. Discover the key concerns and potential outcomes.
Worldcoin, the brainchild of OpenAI's Sam Altman, made its official entrance into the world of cryptocurrencies in July. At first, things went smoothly as the euphoria from the launch grew.
Worldcoin, a cryptocurrency initiative known for its iris-scanning feature, introduced a new option allowing unverified users to reserve their Worldcoin (CRYPTO: WLD) tokens. What Happened: On Aug. 11, Worldcoin revealed that its World App incorporated a reservation function, enabling users to set aside WLD tokens prior to obtaining their World ID verification.
The iris-scanning cryptocurrency initiative, Worldcoin, has introduced the ability for unverified users to secure their WLD tokens.
In the course of the previous week, the value of worldcoin (WLD) against the U.S. dollar has plummeted by 24.6%, while a broader view of the past fortnight reveals a decline of 21.4%. Simultaneously, five days ago when the contract recorded 408,721 unique addresses in possession of WLD, the figure modestly rose by 14.
The Worldcoin (WLD) blockchain biometrics project seems to be facing a number of regulatory challenges following its recent public launch.
Even consumers who are not confirmed can now reserve their Worldcoin tokens (WLD) thanks to the iris scanning blockchain project Worldcoin. The Worldcoin project announced that the World app now has a reservations function to make it simpler for everyone to reserve their WLD tokens before authenticating their World ID.
Worldcoin, the ambitious project led by Sam Altman, has announced a new feature allowing users, even those who are unverified, to reserve Worldcoin (WLD) tokens. The introduction of this feature comes in the midst of regulatory scrutiny and industry hesitations surrounding Worldcoin's mission to create a global identity and financial network, raising privacy and safety concerns.
Worldcoin project has remained controversial right from its announcement and currently facing regulatory trouble in multiple jurisdictions that it has launched.
Besides the criticism of its method and storage of data collection, the project has also been subject to scrutiny over its onboarding of early adopters.
Sam Altman's Worldcoin on Friday announces the launch of a new feature allowing even unverified users to reserve Worldcoin (WLD) tokens. Worldcoin's aim to build the world's largest identity and financial network attracted scrutiny from regulators around the world and reluctance from the crypto industry due to privacy and safety concerns.
In order to assign people a digital identity, Worldcoin collects personal data, particularly iris scans. This creates concerns, because it is not known whether such personal data will be kept securely, and especially because there are fears that Worldcoin may end up monetizing it by selling it.
The Argentine Agency for Access to Public Information (AAIP) has launched an investigation into the privacy practices of the cryptocurrency project Worldcoin.
The Agency for Access to Public Information in Argentina was the latest government body to investigate Worldcoin, with reports suggesting probes in Germany, France, and Kenya.
Worldcoin's warehouse in Nairobi was raided by the Kenyan police over the weekend, according to report from the local news organization. "The Hash" panel discusses Kenya's latest efforts to crack down on the project after the country suspended its operations recently.
Is it a crypto company? Is it a biometric authentication platform? A “human economic system”? Inside Worldcoin's struggle to find itself.
Blockchain biometrics collection project Worldcoin (WLD) appears to be scoring more negative regulatory strains than wins since its official launch to the general public. Argentina Joins Other Countries Investigating Worldcoin In what cannot be described as a shocking twist, an Argentine Government information agency, the Public Information Access Agency, has opened an investigation into Sam
The government of Argentina has informed Worldcoin that it has launched an investigation into its data collection activities in the country. The Public Information Access Agency (AAIP), the country's data regulator, sent a letter to the Worldcoin Foundation requesting information on how the organization handles the personal information of Wordcoin users.
The investigation began after numerous data collections in five major jurisdictions of the country, the Argentinian Agency for Access to Public Information said.
The government of Argentina is investigating privacy concerns around Worldcoin, the blockchain project launched by OpenAI's Sam Altman.
In the ever-evolving landscape of cryptocurrencies, the launch of Worldcoin, led by OpenAI's Sam Altman, has garnered both admiration and skepticism. On July 24, 2023, after years of development, Worldcoin debuted with a promise to verify users' identities through iris scanning—an innovation aimed at tackling one of the most pressing challenges posed by recent advancements in artificial intelligence.
The government of Argentina informed it had opened an investigation into the data collection activities that Worldcoin is executing in the country. The Public Information Access Agency (AAIP), the data comptroller in the country, sent a letter to the Worldcoin Foundation requesting information about how the personal data of Wordcoin users is treated.
The technology behind the controversial Worldcoin digital identification project that runs on Ethereum could become a major gas guzzler. Industry observers have predicted that if it takes off, it could be a major boost for the Ethereum network.
