The Indonesian government has suspended the operations of Worldcoin's local operator for failing to meet regulatory requirements, raising concerns about data privacy and compliance.
Suspension of Operations in Indonesia
The Indonesian government suspended PT Terang Bulan Abadi, Worldcoin's local operator, due to non-compliance with regulatory requirements. Alexander Sabar, Director General of Digital Space Oversight, stated that 'non-compliance to the registration requirement and abusing the identity of other legal bodies to conduct digital service operations amount to serious violations of our regulations.'
Impact on Worldcoin Token Value
Following the suspension in Indonesia, Worldcoin's token value dropped by over 5%. This move has raised awareness about the necessity for further regulatory clarity across global markets involved with biometric data collection.
Comparison with Actions in Kenya
Similar actions were seen in Kenya, where a High Court ordered Worldcoin to delete data collected without legal consent. These events highlight regulatory processes across different markets.
These actions in Indonesia and Kenya demonstrate the increasing focus on data privacy and compliance with laws in the digital services sector.
