South Korea Slaps Worldcoin with $830K Fine for Data Privacy Blunders đ°đ·đ°đ
The Personal Information Protection Commission in South Korea has levied a hefty fine of over $830,000 on #Worldcoin and its parent company, Tools for Humanity, for breaches in data #privacy laws. This penalty comes due to improper handling of biometric data, including the transfer of sensitive information overseas without adequate user consent.
Worldcoin's attempt to merge digital identity with #cryptocurrency has hit a regulatory snag, highlighting the ongoing tension between innovation and privacy rights. The fine serves as a stark reminder of the need for robust #data protection measures in the tech industry.
