Worldcoin Regulatory Scrutiny Grows as Argentina Opens Investigation

The investigation began after collecting numerous data in five major jurisdictions of the country, the Argentinian Agency for Access to Public Information said.

The Argentine Agency for Access to Public Information (AAIP) has initiated an investigation targeting Worldcoin to ascertain the legality of its data collection practices within the South American country, the agency said on Tuesday.

The AAIP outlined its objective of scrutinizing the security protocols in place to safeguard the privacy of Worldcoin users in Argentina.

Coinbase’s Layer 2 Blockchain ‘Base’…

Brian Armstrong Sees Coinbase Eventually…

Self-Custody Reemerges in Crypto Conversation…

Federal Reserve Launches Instant Payments…

FTX Bankruptcy Claims Deadline; UK Crypto,…

Lawmakers Meet This Week to Discuss Digital Asset…

The agency stated that the case has gained “public notoriety in recent weeks due to the procedure of scanning the faces and irises of numerous individuals in exchange for financial compensation at different locations in Buenos Aires City and the provinces of Buenos Aires, Córdoba, Mendoza, and Río Negro.”

According to the AAIP, an entity like Worldcoin must register with the AAIP, provide information about its data processing policy, and indicate the purpose for collecting sensitive data and the retention period for such data. Additionally, the agency requires details of the security and confidentiality measures applied to safeguard personal information. The AAIP did not confirm whether Worldcoin complies with the standards.

Worldcoin has recently come under the scrutiny of various governments. Last week, Kenya’s Ministry of the Interior suspended the operations of Worldcoin, and later, the Kenyan police raided the Nairobi warehouse of Worldcoin on Saturday, confiscating documents and machines.

Recommended for you: