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Colombia Launches Probe into Worldcoin’s Data Practices


by CoinEdition
Colombian Authorities Investigate Worldcoin for Alleged Data Protection Violations
  • SIC investigates Worldcoin for potential violations of Colombia’s data protection laws.
  • Focus on biometric data collection via Orb devices in major Colombian cities.
  • Penalties could include fines, suspensions, or permanent closure if found in violation.

Colombia’s Superintendence of Industry and Commerce (SIC) is investigating the decentralized identity project Worldcoin and its company, Tools for Humanity, for possible violations of the country’s personal data protection laws.

This move comes as Worldcoin faces increasing scrutiny over its data collection practices, especially how it handles sensitive personal information. The investigation, announced in a Wednesday statement, will assess whether Worldcoin’s activities in Colombia comply with the nation’s strict data protection rules.

The SIC’s notification, a preliminary step without a formal charge, aims to determine if Worl…

The post Colombia Launches Probe into Worldcoin’s Data Practices appeared first on Coin Edition.

Read the article at CoinEdition

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Colombia Launches Probe into Worldcoin’s Data Practices


by CoinEdition
Colombian Authorities Investigate Worldcoin for Alleged Data Protection Violations
  • SIC investigates Worldcoin for potential violations of Colombia’s data protection laws.
  • Focus on biometric data collection via Orb devices in major Colombian cities.
  • Penalties could include fines, suspensions, or permanent closure if found in violation.

Colombia’s Superintendence of Industry and Commerce (SIC) is investigating the decentralized identity project Worldcoin and its company, Tools for Humanity, for possible violations of the country’s personal data protection laws.

This move comes as Worldcoin faces increasing scrutiny over its data collection practices, especially how it handles sensitive personal information. The investigation, announced in a Wednesday statement, will assess whether Worldcoin’s activities in Colombia comply with the nation’s strict data protection rules.

The SIC’s notification, a preliminary step without a formal charge, aims to determine if Worl…

The post Colombia Launches Probe into Worldcoin’s Data Practices appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Your Next Trip to Thailand Can Now Be Paid Entirely in Crypto

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Thailand’s financial authorities have introduced a new regulatory sandbox that will a...
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