Summary
TLDR: Worldcoin is facing legal challenges in Buenos Aires for alleged consumer rights violations, including issues with data practices and potential violations of national laws. The company could face a fine of up to 1 billion Argentine pesos. Despite a ban in Spain, Worldcoin’s user base continues to grow, but it must navigate regulatory hurdles to maintain its global presence.
Key Points
1. The Ministry of Production, Science, and Technological Innovation of Buenos Aires province has issued an indictment against Worldcoin after detecting allegedly abusive clauses in user contracts.
2. Authorities in Buenos Aires have raised concerns about Worldcoin’s data handling practices, including the storage and deletion of biometric data, which may infringe on user rights. Inspections have also revealed potential violations of national consumer protection laws in the company’s contracts.
3. Despite facing a ban in Spain over privacy and data protection concerns, Worldcoin’s World App has seen significant user growth, with 10 million users and 2 million daily active users worldwide. The project continues to navigate regulatory hurdles while striving to maintain its global user base.