Worldcoin’s activity permit was suspended in this country! Here are the details

Ministry of Communication and Digital, Indonesia, Openai CEO’SU He was suspended because of the suspicion that Worldcoin’s operating permit, the Crypto project, which was one of the founders of Sam Altman, was suspected of violating the country’s electronic system regulations.

Indonesia suspended Sam Altman’s WorldCoin project for violations of regulation

The ministry said that the suspension decision was received on public complaints and suspicious activity reports on the Worldcoin and the World Platform Worldcoin and World Platform World ID.

Before Worldcoin (WLD) The project, known as the project, is currently under investigation because it operates without a valid license in the country.

Authorities, PT. Terang found that Abadi was not registered as a licensed electronic system operator and that the services were carried out with the permission of another legal entity, which is an application that violates national regulations.

Alexander Sabar, General Manager of the Ministry of Digital Audit, said, “This suspension is a preventive measure to reduce the potential risks of the public,” he said.

Sabar emphasized that using the legal identity information of another organization to operate a digital service is a serious regulation violation. Government, pt. Abadi and his partner Pt. Sandina called Abadi Nusantara for more investigations and explanations.

The debate in Indonesia is the last of the difficulties of regulating a series of regulatory platforms for World -WORLD, which leads to worldwide concerns about user privacy and data protection.

The company claims that the World ID system allows individuals to prove their identity online while maintaining their privacy, but critics express their concerns about the collection and storage of biometric data.

This development arrived just a few days after the company’s plans to expand to the United States, where users in six cities, including Atlanta, Austin, Austin, Los Angeles, Miami, Nashville and San Francisco, can get WLD tokens in exchange for their identity.

The introduction of World in many countries has attracted the attention of regulatory institutions, especially for the processing of biometric information. In 2023, Kenya stopped the project’s activities due to similar concerns.

While World continues its global growth, the decision to suspend in Indonesia reminds us that compliance with local digital and data laws continues to be a critical challenge for the expansion of the project.

*It is not an investment advice.