- A draft bill that seeks to regulate Worldcoin and its operator in Argentina has been made public by a lawmaker in that country.
- The action was taken only a few days after Worldcoin declared its intention to expand into Mexico. Legislators from Mexico have also demanded an investigation into Tools for Humanity’s operator.
Argentina’s Lawmaker: Ensuring Consumer Rights Is Critical
Carlos Puglelli, a member of the Buenos Aires parliament, is the author of the new measure, according to the assembly’s official news source.
The MP and other critics have asserted that Worldcoin’s use of the biometric information gathered through their iris-scanning disks is “unclear.”
“Regulating companies that scan people’s irises for the purpose of collecting biometric data” is the proposed legislation by Puglelli.
The bill’s sponsor stated that Buenos Aires authorities ought to have the authority to regulate the operations of businesses such as Worldcoin.
More “transparency” about the handling of the biometric data that “users deliver to these companies, in this case in exchange for a payment in cryptocurrency,” was another demand he made.
With more than 50 iris-scanning locations, Worldcoin has shown to be successful in Argentina.
MPs in Buenos Aires Want Worldcoin Research
More lawmakers in Argentina are becoming interested in the crypto project.
Another assemblywoman from Buenos Aires, Romina Braga, demanded an official inquiry into Worldcoin in the middle of April.
Braga requested that the Buenos Aires Province Governor, Axel Kicillof, launch an inquiry. She also raised a number of issues about data and privacy.
This comes after the national data protection office declared in January of this year that it would be looking into Worldcoin.
According to Puglelli’s bill, a “regulatory framework” that controls biometric data collecting and establishes penalties for any “abuse” of the data is to be established.
If the measure is approved, the Provincial Directorate for the Defense of the Rights of Users and Consumers will be designated as Worldcoin’s “supervisor.”
The Directorate would be in charge of advancing IT security, trust, and just and equitable consumer relations in the digital domain.
Thousands of residents have given the Cayman Islands-based company their biometric data, it continued.
Claiming that “it is not clear” precisely “what Worldcoin does with iris-scanned data,” Puglelli and Braga have both voiced their complaints.
Because Worldcoin “has no legal status in Argentina and is acquiring biometric data in a way that puts privacy at stake,” the congressman issued a warning.
It remains to be seen if the public’s enthusiasm is dampened by the MPs’ concerns.
They don’t seem to be alone, though. The Ministry of Production, Science, and Technological Innovation in Buenos Aires claims to have looked into Worldcoin’s record for data protection.
Legislators from Mexico have also expressed concern. Three addresses connected to Worldcoin have been examined by government officials in Chile, another nation with numerous data collection facilities.
To “ensure that Worldcoin is complying with national regulations,” agents requested “additional information” from the company.
Worldcoin iris-scanning initiatives have been hampered in several European countries, including Spain, Germany, and France, due to data-related issues.
East Asian governments, including those in South Korea and Hong Kong, have also started looking into Worldcoin-related issues.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
