Worldcoin

Read

Worldcoin, one of the world’s most discussed ID projects, broke an all-time high user record. 
The <a href="https://worldcoin.org/blog/announcements/demand-world-id-sign-up-record-argentina" data-type="link" data-id="https://worldcoin.org/blog/announcements/demand-world-id-sign-up-record-argentina" target="_blank" rel="noopener noreferrer nofollow">company</a> registered 9,500 new users in the country in 24 hours. This means that every 9 seconds, a new user has registered on the platform. 
<a href="https://crypto.news/worldcoin-unlocks-tokens-for-unverified-users/" target="_blank" rel="noopener noreferrer nofollow">Worldcoin</a>&nbsp;is a digital currency project that aims to create a global universal basic income (UBI) system. Sam Altman, who stands behind OpenAI, is its founder. Worldcoin’s vision is to distribute cryptocurrency to every person on Earth, providing them with a basic income to help alleviate poverty and promote economic equality. 
Worldcoin has received funding from prominent venture capital firms such as Andreessen Horowitz and Coinbase Ventures. Additionally, Worldcoin has attracted advisors with expertise in various fields, including cryptocurrency, economics, and technology. 
 You might also like: <a href="https://crypto.news/worldcoin-unlocks-tokens-for-unverified-users/" rel="noopener noreferrer nofollow"> Worldcoin unlocks tokens for unverified users </a> 
<h2 class="wp-block-heading" id="worldcoin-s-investigation-in-argentina">Worldcoin’s investigation in Argentina</h2> 
The project aims to create a system where individuals can verify their identity using an eye scan, allowing them to receive their share of Worldcoin. 
Despite the project’s success in Argentina, the company’s situation with the local authorities differs. Recently, the Argentine Agency for Access to Public Information (AAIP) began investigating the legality of its data collection practices in the country. 
The AAIP’s main aim is to protect the local users’ privacy while using the app. The local Argentinean authority explained that the company should register with them and provide information regarding their data processing policy. 
The token faced similar investigations in <a href="https://crypto.news/worldcoin-data-collection-investigated-by-french-privacy-regulator/" data-type="link" data-id="https://crypto.news/worldcoin-data-collection-investigated-by-french-privacy-regulator/" rel="noopener noreferrer nofollow">France</a>, the <a href="https://crypto.news/worldcoin-wld-could-face-regulatory-inquiries-in-uk/" data-type="link" data-id="https://crypto.news/worldcoin-wld-could-face-regulatory-inquiries-in-uk/" rel="noopener noreferrer nofollow">UK</a>, and <a href="https://crypto.news/kenya-suspends-worldcoin-operations-over-security-and-data-concerns/" data-type="link" data-id="https://crypto.news/kenya-suspends-worldcoin-operations-over-security-and-data-concerns/" rel="noopener noreferrer nofollow">Kenia</a>. In the latter, all&nbsp;project activities were suspended until the government could be confident that there were no risks to the public. 
 Read more: <a href="https://crypto.news/worldcoin-data-collection-investigated-by-french-privacy-regulator/" rel="noopener noreferrer nofollow"> Worldcoin data collection investigated by French privacy regulator </a>

Worldcoin breaks an all-time high user record in Argentina

Table of Contents

crypto.news

Other articles published on Aug 31, 2023

Yearn Community Approved the "Launch v3 Proposal"

Judge Dismisses Uniswap Lawsuit; Describes ETH a Commodity

BingX BTCUSDT scored industry lowest Slippage after Advanced Perpetual Futures Upgrades

City University Ajman and Ajman Municipality Collaborate in Empowering Human Resources through We...

🔥opBNB — New Vote on Roobee DAO!

Swift and Chainlink Collaborate to Foster Interoperability for Tokenized Asset Markets

Join our free newsletter for daily crypto updates!