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Home»Regulation»Argentina’s Data Privacy Agency Investigates Controversial Crypto Project Worldcoin (WLD)
Argentina's Data Privacy Agency Investigates Controversial Crypto Project Worldcoin (WLD)
Regulation

Argentina’s Data Privacy Agency Investigates Controversial Crypto Project Worldcoin (WLD)

2023-08-11No Comments2 Mins Read
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Argentina’s government data privacy agency is following in the footsteps of France and the United Kingdom by investigating the eye-scanning crypto project Worldcoin (WLD).

The Agency of Access to Public Information (AAIP) says in a new press release that it is investigating how the Worldcoin Foundation collects, stores and uses personal data in Argentina.

The agency’s new investigation comes on the heels of France’s privacy watchdog, the CNIL, which announced late last month that it planned to investigate the hot-button project for the legality of biometric data collection.

The UK’s data regulator, the Information Commissioner’s Office (ICO), also said in a statement in late July that it would “investigate” Worldcoin’s UK launch.

The project, co-founded by OpenAI’s Sam Altman, uses iris scanners to verify users’ identities.

According to the project’s website, Worldcoin consists of a “privacy preservation” World ID and a digital WLD token that is received by users “simply because they are human”. The project plan in deploying 1,500 of its iris-scanning orbs to 35 cities around the world this summer and fall to meet the “global demand for ID.”

The WLD token was first launched last month. The 156th ranked crypto asset by market capitalization is trading at $1.69 at the time of writing and is down 7% in the last 24 hours.

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