Worldcoin fined again! Crypto store clerk runs off with $500K cash: Asia Express
Worldcoin fined over privacy rules in South Korea, Hong Kong crypto trading store clerk scarpers with customer’s $500K in cash: Asia Express.
Worldcoin Foundation and Tools for Humanity have received a rap over the knuckles from South Korean authorities for the illegal collection and transfer of biometric data.
The Personal Information Protection Commission announced on Sept. 26 that it had imposed a fine of 1.1 billion Korean won ($850,000) against Worldcoin and its contributor Tools for Humanity.
The nations privacy watchdog said it started probing Worldcoin earlier after complaints and local media reports alleged the project of collecting biometric data in exchange for cryptocurrency without proper consent or legal basis.
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Author: Yohan Yun
