Despite Worldcoin's attempts to protect digital identities online, the project remains controversial.
Several jurisdictions are investigating the company's data processing activities, particularly for alleged privacy violations. The latest such case was Colombia's Directorate General of Industry and Commerce, which in August accused the company of violating privacy laws.
Among other jurisdictions where #Worldcoin has raised concerns are Spain, Hong Kong and Kenya. As of the end of 2023, Worldcoin was available in 34 countries, but ongoing data security issues have reduced its presence to 15 countries.
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In August, Malaysia signed a memorandum of understanding to integrate Worldcoin services into the country's digital infrastructure. Despite claims of fighting artificial intelligence bots, Worldcoin continues to face ongoing controversy.
Singapore has launched an investigation into illegal transfers from Worldcoin accounts.
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This article is for informational purposes only and should not be construed as trading or investment advice. It should also not be considered as financial, legal or tax advice. Trading forex, #cryptocurrencies and CFDs involves a significant risk of loss.
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