**Exciting Investigation in Singapore: Buying and Selling Worldcoin Accounts! 🕵️‍♂️**

- Singapore is in an uproar! Local authorities are investigating the sale of Worldcoin accounts and tokens that allegedly violate the Payment Services Act (PS Act) 2019.

- There are seven people suspected of being involved in this unofficial transaction. Whoops, this could be a big problem!

- Deputy Prime Minister Gan Kim Yong announced this investigation at a parliamentary session on September 9.

- According to Gan, Worldcoin itself does not violate the PS Act, but the buying and selling of its accounts and tokens can be considered unlicensed payment services.

- The Singapore Police have also issued a public warning on August 7, 2024, warning of the dangers of selling accounts that can be misused for money laundering or terrorism financing.

- Gan also reminded users to be wary of offers to transfer control of their digital wallets or World IDs. Don't get fooled, okay!

- In Singapore, personal data protection is strictly regulated by the Personal Data Protection Act (PDPA), especially biometric data such as iris scans used by Worldcoin.

- The Worldcoin project is indeed controversial, it has been investigated in many countries including India, China, Germany, Brazil, and Kenya. In fact, Spain had stopped collecting their biometric data in March 2023.

Have an opinion or exciting experience about Worldcoin? Come on, share it in the comments column!