Singapore police have launched an investigation into seven individuals accused of offering services related to the purchase and sale of accounts and tokens of the controversial Worldcoin cryptocurrency project.
According to the statements According to the country’s Deputy Prime Minister, Gan Kim Yong, these activities are considered criminal under the Payment Services Act. The investigations follow an alert issued by the police last month, when they warned about Worldcoin’s operations, highlighting the risks associated with the project’s digital payment token wallets.
In Singapore, consumers have been warned about the possibility of these accounts be misused by third parties for criminal activities, including money laundering and terrorist financing.
Singapore’s Deputy Prime Minister clarified that in the context of privacy, based on the country’s laws, strictly regulates the collection, use, disclosure and handling of personal datas, including biometrics, such as those obtained by Worldcoin. In light of this, remember that organizations must ensure that they have adequate security measures in place to protect people’s private information.
Worldcoin is no stranger to controversy. It has been the subject of investigations and criticism in over ten countries, with Mexico, South Korea and Hong Kong among them, questioning its handling of users’ biometric information. Executives of the cryptocurrency project have argued that their intentions have been misinterpreted, according to statements cited by CriptoNoticias.
In Latin America, Worldcoin is also under scrutiny from authoritiesreflecting a global concern about how biometric information and personal data is handled in the context of cryptocurrencies and Bitcoin technology.
The Singapore investigation adds to a series of legal and regulatory actions around the world. In Argentina, the Agency for Access to Public Information (AAIP) has advanced its investigation into Worldcoin, requesting more documentation and analyzing the legality of its operations under the Personal Data Protection Law, as reported by CriptoNoticias.
The same thing happened in Spain, where Worldcoin was banned due to concerns about the security of user data. In the Iberian country, authorities issued a precautionary measure that prevents the company from continuing to obtain biometric information from Spaniards.
This article was created using artificial intelligence and edited by a human on the editorial staff.
