_🛑🚨‼️Colombia Accuses Worldcoin of Illegal Data Collection 🚨_

$WLD 🌏⤴️🪙

Go on And CAST your vote for free🤸‍♀️🤸🤸🤸🤸🤸🤸🤸🤸🤸🤸🤸🤸🤸

The Superintendency of Industry and Commerce (SIC) in Colombia has accused Worldcoin, a crypto project, of illegally collecting and storing biometric data through iris scans in exchange for tokens. This accusation is a significant concern for users' privacy and data protection.

_Illegal Data Collection 🤖_

Worldcoin's data collection practices have been deemed illegal because they:

- Failed to obtain informed consent from users before collecting their biometric data

- Did not implement adequate security measures to protect user data

- Violated Colombian data protection laws

_Investigation and Potential Penalties 🔍_

The SIC has launched an investigation to determine the extent of Worldcoin's violations. If found guilty, Worldcoin could face:

- Fines of up to $646,000

- Suspension of operations in Colombia

- Reputation damage and loss of user trust

_Worldcoin's Response and Cooperation 💬_

Worldcoin has pledged to cooperate with regulators and ensure transparency in their data collection and storage practices. This cooperation is crucial in addressing the concerns raised by the SIC and ensuring the protection of users' data.

_Implications for the Crypto Industry 🤯_

This incident highlights the importance of data protection and privacy in the crypto industry. Companies must prioritize user consent and security to avoid similar accusations and ensure compliance with local data protection laws.

_Users' Rights and Protections 🤝_

Users have the right to:

- Informed consent before sharing biometric data

- Data security and protection

- Transparency in data collection and storage practices

Users should be cautious when sharing sensitive information and ensure they understand how their data will be used and protected.