America

Worldcoin

<a href="https://optimisus.com/news/blockchain-news/worldcoin-wld-upgrades-orb-technology-and-seeks-new-global-tech-and-finance-partnerships/" rel="noopener noreferrer nofollow">Worldcoin</a>, which was co-founded by Sam Altman from OpenAI, has extended its operations into Mexico, while facing legal action related to data privacy in Argentina.  
Worldcoin's growth in Latin America has reached a crucial stage, with Mexico lagging behind Argentina and Chile in terms of user engagement.  
Although the initiative has seen rapid growth, there are concerns over data privacy. María Eugenia Hernández, a member of the Morena party, has formally asked the National Transparency Institute (INAI) to conduct a thorough investigation of Worldcoin's management of personal data.  
Carlos Puglelli, a congressman of the Buenos Aires province, proposed new legislation aimed at enhancing regulatory oversight.  
This legislation governs the operation of biometric data collection systems, such as the one used by Worldcoin, and guarantees transparency, equity, and safeguarding of consumer rights in digital transactions.  
Puglelli's policies mandate that user consent be obtained for data processing, and that digital service providers provide encryption and access limitations.  
Failure to comply may lead to significant fines and the termination of the company's license.  
Worldcoin was punished by the Buenos Aires authorities due to contract circumstances that were deemed inappropriate, which subsequently led to the initiation of this legislative effort. Their penalty amounted to $1.2 million.  
Similar to Kenya and Spain, Latin American governments have also responded to privacy concerns by temporally halting Worldcoin operations, reflecting a global trend.  
The significance of technology and privacy problems is increasing as Worldcoin expands.  
These modifications have the potential to impact global standards for managing digital data. 
The post <a href="https://optimisus.com/news/crypto-news/worldcoin-expands-in-mexico-as-argentina-ramps-up-data-privacy-regulations/" rel="noopener noreferrer nofollow">Worldcoin expands in Mexico as Argentina ramps up data privacy regulations</a> appeared first on <a href="https://optimisus.com" rel="noopener noreferrer nofollow">Optimisus</a>.

Worldcoin expands in Mexico as Argentina ramps up data privacy regulations

Optimisus

Other articles published on May 3, 2024

Turbos Finance Introduces First-in-Market Liquidity Strategies with Isolated Pool Design for Sui ...

Galaxis Gears up for Token Launch: Announces $1,000,000 Creator and Community Member Grants & Byb...

Bold Statements About Ethereum (ETH), XRP and Altcoins from Bitcoin Bull Michael Saylor!

Sam Bankman-Fried Faces No Parole Option in Legal Battle: Implications for FTX Token (FTT)

Popcat Price Prediction: POPCAT Pumps 15%, But Is This New Solana Meme Coin The Next WIF, BONK, O...

BTC and ETH Options Worth Billions Set for Expiry: Impact on Crypto Market

Join our free newsletter for daily crypto updates!