Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
What's Hot

Quantum Computing in the cybersecurity market is set to grow explosively | Big giants Thales Group, Atos, Toshiba

2026-03-08

The XRP Whale Outflow Continues on Binance – What’s Happening?

2026-03-08

HashKey Chain introduces the first tokenized real estate RWA in Hong Kong

2026-03-07
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    HashKey Chain introduces the first tokenized real estate RWA in Hong Kong

    2026-03-07

    What BEP2 holders need to know

    2026-03-07

    SoFi uses BitGo to power the distribution of its SoFiUSD stablecoin

    2026-03-07

    Interoperability is ‘essential’ for digital assets to reach their full potential: DTCC

    2026-03-07

    A groundbreaking leap into the consumer future of decentralized AI

    2026-03-07
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Refusing new IRS crypto tax forms could cost you your exchange account

    2026-03-07

    US lawmakers consider ban on prediction markets amid bets on Iran

    2026-03-06

    De volatiliteit van Bitcoin zou in april kunnen exploderen als SEC de markt achter de ETF-leverage beoordeelt

    2026-03-06

    Crypto company Kraken secures a direct link to Federal Reserve payments

    2026-03-04

    Bitcoin’s $85 billion derivatives engine may move onshore as CFTC eyes April approval

    2026-03-04
  • Analysis

    XRP Bull Flag Breakout After 8-Month Consolidation to Send Price to $11

    2026-03-07

    Billionaire Peter Thiel dumps a $74,400,000 stake in three assets, including one of Warren Buffett’s favorites

    2026-03-07

    Bitcoin Price Rally Slows, Consolidation Signals Possible Next Step

    2026-03-07

    XRP Price Ladder Shows What Conditions Are Needed for $18, $100, and $500

    2026-03-07

    Bitcoin’s rally from $73,000 faces a crucial test as momentum looks to change

    2026-03-06
  • Learn

    What Is Wrapped ETH (WETH) and Why Do You Need It in DeFi?

    2026-03-06

    What Is Crypto Protocol and Why Coins Need It

    2026-03-04

    Wat is Liquid Proof-of-Stake: uitgelegd voor beginners

    2026-03-02

    The 9 Most Common Crypto Scam Types

    2026-03-02

    Sidechains Explained: What They Are, How They Work, and Why They Matter

    2026-02-20
  • Blog
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Regulation»Worldcoin is confronted with the setback of regulations in Indonesia on compliance issues
Worldcoin is confronted with the setback of regulations in Indonesia on compliance issues
Regulation

Worldcoin is confronted with the setback of regulations in Indonesia on compliance issues

2025-05-06No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

The Ministry of Communication and Digital of Indonesia has temporarily suspended the world (formerly WorldCoin) and its digital identity platform, World ID, with reference to registration problems and possible violations of the rules for local electronic system.

According to a statement of 4 May, the ministry confirmed that it had suspended the registration certificate of the electronic system organizer (TDPSE) for both Worldcoin and World ID. This suspension came after the Bureau Inconsistencies discovered in how the project in the country operated.

The Ministry noted that one of the local affiliated companies of WorldCoin, PT Terang Bulan Abadi, could not register as a recognized electronic system organizer.

This status is mandatory for every digital platform that wants to work legally in Indonesia. Instead, the project reportedly carried out its activities under the license of another company, PT Sandina Abadi Nusantara, which expressed concern about the abuse of identity and compliance with compliance.

The director -general of Digital Space Supervision, Alexander Sabar, said that the ministry will call both entities to investigate further. He noted that this step is preventive and planned to protect the public against possible damage that does not constitute non -registered digital service providers.

Sabar also emphasized that all digital platforms must take full responsibility for their activities and have to work transparently within the legal framework of the country.

Worldcoin’s progress

This suspension marks another legal obstacle for Worldcoin while it tries to expand its presence worldwide.

In the past year, the project has confronted with regulatory research of Authorities in different countries, including Kenya, Germany and Hong KongThey have investigated his data collection practices.

See also  Sec postuating from Altcoin ETF decisions, but 2025 approval perspectives remain strong

Despite these setbacks, the platform recently produced remarkable growth by expanding its identity verification system to the United States.

The service is now available in six cities, including Atlanta, Austin, Los Angeles, Miami, Nashville and San Francisco, where residents can verify their identity as people through the world -id.

In addition, World has also announced partnerships with companies such as Visa, Tinder, Kalshi and Morpho to explore new applications for his technology and to stimulate broader acceptance.

Newest Alpha Market report

Source link

compliance confronted Indonesia Issues Regulations Setback Worldcoin
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Refusing new IRS crypto tax forms could cost you your exchange account

2026-03-07

US lawmakers consider ban on prediction markets amid bets on Iran

2026-03-06

De volatiliteit van Bitcoin zou in april kunnen exploderen als SEC de markt achter de ETF-leverage beoordeelt

2026-03-06

Crypto company Kraken secures a direct link to Federal Reserve payments

2026-03-04
Add A Comment

Comments are closed.

Top Posts

The government can freeze and seize ‘unexplained wealth’ at will, under newly adopted rules in the EU – here’s how to do it

2023-12-25

Ethereum -Developers issue a proposal to halve the time to increase the transaction speed

2025-06-24

Bitcoin – Research into the most important price levels to keep an eye on while the FOMC meeting is ahead

2025-01-25
Editors Picks

Bitcoin: US Influence Could Impact BTC Prices in July THIS Way

2024-07-09

Smart contracts provide legal breakthrough in Argentina

2024-10-15

Anime Foundation launches with Animoca Brands, MyAnimeList and San FranTokyo

2024-05-28

Solana loses ground and falls below $137 as bearish momentum increases

2024-09-16

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Quantum Computing in the cybersecurity market is set to grow explosively | Big giants Thales Group, Atos, Toshiba

The XRP Whale Outflow Continues on Binance – What’s Happening?

HashKey Chain introduces the first tokenized real estate RWA in Hong Kong

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
© 2026 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.