• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Colombian Watchdog Investigates Worldcoin for Potential Data Protection Breaches

user avatar

by Giorgi Kostiuk

a year ago


  1. Case in Colombia
  2. Issues in Other Countries
  3. Implications for Worldcoin

  4. Colombia’s watchdog, the Superintendence of Industry and Commerce (SIC), has launched an investigation into the decentralized identity project Worldcoin, backed by Tools for Humanity. The project is accused of violating Colombia’s data protection laws.

    Case in Colombia

    Worldcoin has deployed its Orb devices in 25 locations across Colombia, including the capital city Bogota, Medellin, Cartagena, and Barranquilla. The SIC's main concern is whether Worldcoin and Tools for Humanity are adhering to Colombia’s personal data protection rules, particularly regarding the collection and processing of sensitive information.

    If found guilty of breaching data protection laws, Worldcoin could face severe consequences. The SIC has the authority to impose economic sanctions on the project and may also shut down its operations in Colombia for six months or permanently.

    Issues in Other Countries

    Colombia isn’t the first country to scrutinize Worldcoin’s activities. In July 2023, the Kenyan government halted Worldcoin’s operations due to data protection concerns. Kenyan authorities were worried about how Worldcoin was handling the biometric data collected from over a million users.

    Earlier this year, Spain also took action against Worldcoin. The Spanish Data Protection Agency (AEPD) temporarily banned the project and demanded explanations regarding its biometric data handling processes.

    Argentina has also raised concerns about Worldcoin’s practices. Although no official ban has been imposed, critics argue that Worldcoin is exploiting vulnerable populations and are calling for government intervention to protect citizens from potential data misuse.

    Implications for Worldcoin

    If the allegations are proven true, the repercussions for Worldcoin could be significant. Economic sanctions and temporary or permanent shutdowns in multiple countries could severely affect the project's reputation and financial health.

    The situation surrounding Worldcoin is still developing, and the outcome of the Colombian watchdog’s investigation could have a substantial impact on the project’s future and its interactions with regulators worldwide.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Cango's Strategic Shift to AI Computing

chest

Cango is making a strategic pivot into AI computing while continuing its Bitcoin mining operations.

user avatarMaya Lundqvist

Micron MU Stock Declines Amid Samsung Competition

chest

Micron MU stock has declined due to increased competition from Samsung, which is starting large-scale HBM4 chip production this month.

user avatarLeo van der Veen

Solana Experiences Significant Outflows Amid Market Uncertainty

chest

Solana experiences significant outflows amid market uncertainty, with over 1 million SOL leaving centralized exchanges in a 72-hour period.

user avatarLi Weicheng

Solana Faces Critical Support and Resistance Levels

chest

Analysts highlight Solana's struggle between fragile support and overhead resistance, with critical levels identified. Currently, Solana is consolidating around the $83-$87 area, which is viewed as critical short-term support.

user avatarAisha Farooq

Robinhood Reports Fourth Quarter Revenue of $128 Billion

chest

Robinhood reported fourth quarter revenue of $128 billion, a 27% year-over-year increase, but net income fell 33% to $605 million, leading to a 6.5% drop in stock price.

user avatarTenzin Dorje

Robinhood Expands Prediction Markets Amid NFL Season

chest

Robinhood has expanded its prediction market offerings to allow customers to make parlay-like bets, capitalizing on the surge in gambling during the NFL postseason.

user avatarBayarjavkhlan Ganbaatar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.