Another Argentinian Province Launches Probe into Worldcoin Operations
Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...
A second Argentinian province has launched a probe into the operations of the Worldcoin (WLD) crypto project, as the token’s popularity continues to grow in Latin America.
Tiempo Argentina reported that authorities in the province of La Rioja are “moving against” the operator amid fears it is “taking advantage” of “growing poverty.”
The province’s Cybercrime-fighting Executive Unit announced it has closed down one of the company’s “locations” in the province.
The unit is also reportedly seeking to prohibit Worldcoin from operating in the province, following similar moves in Buenos Aires.
The unit is also reportedly “seeking to prohibit” Worldcoin activities. It has also accused the company of “collecting extremely sensitive information such as iris patterns, which are unique to every person.”
The unit said the firm’s activities “represent a significant risk” to the “security and privacy of individuals” in La Rioja.
The probe comes in the wake of phenomenal WLD adoption rates in Argentina. In July, the project’s executives talked about turning Argentina into a regional operations hub.
The firm has spoken of its intention to open 50 Worldcoin centers in “more than 10 cities throughout the country” in the months ahead.
The company also wants to hire some 50 new employees in Argentina. Its top officials have met senior central government officials including President Javier Milei in a bid to allay fears about privacy concerns.
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