According to PANews, Worldcoin, a global cryptocurrency company, has been accused of incorporating misuse terms in its service agreement. The company could face a fine of up to 1 billion Argentine pesos, approximately 1.075 million USD. The allegations stem from a review of consumer protection clauses in Worldcoin's contract, which allegedly force users to accept conditions that may violate national consumer protection laws.
In addition, there are inconsistencies in the information provided by Worldcoin about its biometric data scanning operations, particularly concerning the processing of minors' data. These activities involve the use of Orb devices to scan users' iris and facial data at various locations in Argentina.
Worldcoin is now required to respond to these allegations and may need to modify or remove the contract terms considered abusive. The announcement was made by the Production, Science, and Technological Innovation Department of Buenos Aires Province in Argentina.