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

MarsCat joins forces with Memo to drive Web3 data insights and user-friendly experiences

2026-06-24

Bitcoin as a ‘complementary diversifier’? BlackRock says YES, but…

2026-06-24

Bitcoin as a ‘complementary diversifier’? BlackRock says YES, but…

2026-06-24
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

    MarsCat joins forces with Memo to drive Web3 data insights and user-friendly experiences

    2026-06-24

    Manadia joins the Origins Network to advance scalable AI-powered blockchain ecosystems

    2026-06-24

    Chainlink brings Samsung, Toyota and Sony prices on-chain with APAC stock streams

    2026-06-24

    Aztec reaches L2Beat Phase 2 after Governance revokes ownership of the rollup contract

    2026-06-24

    What is MEV? Maximal Extractable Value, the invisible tax on crypto

    2026-06-24
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Crypto finally has a CLARITY Act date

    2026-06-24

    The US Treasury Department’s $10 billion scam alert shows why crypto is rushing itself into the police force

    2026-06-24

    Stablecoins in Britse ponden gemaximeerd op $53 miljard, terwijl de Bank of England stablecoin-regels vastlegt

    2026-06-22

    De Amerikaanse toekomst van crypto-daders zal worden bepaald door hoe toezichthouders besluiten ze te noemen

    2026-06-22

    De MiCA-deadline zal waarschijnlijk kleinere crypto-apps naar gelicentieerde bewaarrails verplaatsen

    2026-06-22
  • Analysis

    Ethereum Foundation bezuinigt met 20% op personeel, terwijl ETH YTD met 44% daalt ondanks recordgebruik

    2026-06-24

    CZ noemde het no-KYC-model van Hyperliquid “geweldig”

    2026-06-24

    South Korea’s KOSPI crashes 10% as regulator admits ETF error

    2026-06-23

    Trumps quantum computing-push zet 449 miljard dollar aan ‘blootgestelde Bitcoin’ weer in de schijnwerpers

    2026-06-23

    Solana subsidizes large traders before the markets in the chain prove that the activity can continue to exist

    2026-06-23
  • Learn

    Most Profitable Crypto to Mine in 2026: Best Altcoins for Mining

    2026-06-23

    Bitcoin Alternatives: Our Top Altcoin Picks for You in 2026

    2026-06-23

    What Is a Bull Flag Pattern in Crypto and How to Use It

    2026-06-20

    What Is OTC Trading? Over-the-Counter Trading Explained

    2026-06-20

    The Top 10 Bitcoin Wallets in 2026

    2026-06-20
  • 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  Tron's tight supply sets phase for $ 0.40 - but TRX is confronted with this test

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

Crypto finally has a CLARITY Act date

2026-06-24

The US Treasury Department’s $10 billion scam alert shows why crypto is rushing itself into the police force

2026-06-24

Stablecoins in Britse ponden gemaximeerd op $53 miljard, terwijl de Bank of England stablecoin-regels vastlegt

2026-06-22

De Amerikaanse toekomst van crypto-daders zal worden bepaald door hoe toezichthouders besluiten ze te noemen

2026-06-22
Add A Comment

Comments are closed.

Top Posts

Jupiter: Can a 5m buy back Jup return to $ 1.40?

2025-02-26

The ICE Open Network Online+ and XDB chain launch a new web3 partnership

2025-04-18

If this is true, Bitcoin will exit the bear market soon

2023-08-25
Editors Picks

MAGGI delivers their first digital collectibles

2023-06-04

Ripple CEO slams SEC chairman for ‘stunning hypocrisy’

2023-12-22

SEC reverses Coinbase’s request to dismiss the case

2023-10-05

Bitcoin Dives Below the $60,000 and $56,000 Support Levels: Where Will BTC Fall?

2024-08-05

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

MarsCat joins forces with Memo to drive Web3 data insights and user-friendly experiences

Bitcoin as a ‘complementary diversifier’? BlackRock says YES, but…

Bitcoin as a ‘complementary diversifier’? BlackRock says YES, but…

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.