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Smooth Relations Between Worldcoin and Argentina Regulators
Worldcoin officials are working towards resolving their differences with Argentina regulators. Tools for Humanity CEO Alex Blania recently visited President Javier Milei’s advisors in an effort to bridge the gap.
Meetings with Government Officials
According to a report from Infobae (via La Nueva Radio Suarez), Blania held discussions with several government officials, including Demian Reidel, a member of Milei’s Council of Advisors.
Worldcoin’s Popularity in Argentina
Worldcoin has gained significant popularity in Argentina, operating over 50 iris-scanning centers in the country. Criptonoticias reported that an estimated 3 million individuals have provided their data in exchange for WLD tokens, making it highly popular in Argentina compared to other Latin American nations.
Challenges Faced by Tools for Humanity
Despite its success, Tools for Humanity has faced resistance from Argentinian authorities. In 2023, the Agency for Access to Public Information (AAIP) initiated a probe and requested explanations regarding data processing practices to ensure compliance with the nation’s Personal Data Protection Law.
Regulatory Concerns and Investigations
The Argentine government has raised concerns about data retention and the safety of scanning devices used by Worldcoin. Additionally, the firm has been under scrutiny for lacking a legal presence in the country. Investigations have been launched by local ministry officials and lawmakers in Buenos Aires, with proposals for regulatory measures.
Future Outlook
Despite ongoing controversies, there is no immediate ban on Worldcoin operations in Argentina similar to other countries. Blania’s engagements with government figures aim to address concerns and emphasize Worldcoin’s adherence to global data processing standards.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
