Worldcoin Gets Hit With $200,000 Fine in Buenos Aires

Worldcoin, the biometric, iris-based ID and universal basic income (UBI) project, has been sanctioned with fines for over $200,000 in the Buenos Aires province. The fines answer to several violations of the National Consumer Defense Law, such as the inclusion of abusive clauses in its terms of service agreement. Also, authorities of Buenos Aires concluded that Worldcoin was not conducting due diligence ID checks, allowing minors to register their biometric information into the system. Finally, authorities highlighted that the company was unclear about the procedures that follow the user data collection. The fines follow an investigation started by consumer defense authorities in April.

Source