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Regulatory Concerns about Worldcoin Increase As Argentina Opens Investigation

Author

Jay Solano

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Reading time

2 mins
Last update

Author

Jay Solano

Tags

Category

News - Archive

Reading time

2 mins
Last update

Author

Jay Solano

Tags

Reading time

2 mins
Last update

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According to the Argentinian Agency for Access to Public Information, the investigation began after gathering extensive data across five of the nation’s largest jurisdictions.

The Argentine Agency for Access to Public Information (AAIP) said on Tuesday that it has opened an investigation into Worldcoin to determine the legitimacy of its data gathering methods in Argentina.

The AAIP specified that it would examine the security measures put in place to protect the privacy of Worldcoin users in Argentina.

The procedure of scanning numerous people’s faces and irises in exchange for payment at various locations in Buenos Aires City and the provinces of Buenos Aires, C√≥rdoba, Mendoza, and Ro Negro, according to the agency, has gained public attention in recent weeks.

The AAIP states that an organization like Worldcoin must register with the AAIP, disclose information regarding its data processing policy, and specify the reason for collecting sensitive data, as well as the time period for which such data would be retained. The agency also requests information on the security and confidentiality procedures used to protect personal data. The AAIP did not vouch for Worldcoin’s compliance with the requirements.

According to a statement from Worldcoin sent to CoinDesk via email, “the project complies with all laws and regulations governing the processing of personal data in the markets where Worldcoin is available, including but not limited to Argentina’s Personal Data Protection Act 25.326.”

Several countries have lately begun to investigate Worldcoin. The Worldcoin operations were put on hold by Kenya’s Ministry of the Interior last week. On Saturday, Worldcoin’s Nairobi warehouse was searched by Kenyan police, who seized records and equipment.