According to PANews, South Korea’s Personal Information Protection Commission (PIPC) has fined the Worldcoin Foundation and Tools for Humanity (TFH) for violating personal data protection laws.
The Worldcoin Foundation was fined 725 million won (about $546,000) for improperly handling sensitive information and transferring it abroad.
Tools for Humanity (TFH) was fined 379 million won (about $285,000) for violating local regulations on the outbound transfer of personal data.
The investigation began in February following complaints and reports that Worldcoin was collecting biometric data without permission to provide cryptocurrency services.
