Worldcoin in Trouble Again, This Time for Data Privacy Issues in Colombia
Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.
Crypto project Worldcoin is now facing scrutiny in Colombia for alleged breaches of the country’s personal data protection laws, following similar accusations in several other nations.
On Wednesday, Colombian watchdog, the Superintendence of Industry and Commerce (SIC), announced it had filed charges against the project. The aim is to investigate if it contravened laws on safeguarding personal information, particularly in how it handles sensitive data.
If the regulator finds Worldcoin guilty, the company could face significant penalties. These may include hefty fines or a suspension of its data processing activities for up to six months.
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