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Argentinian Lawmaker Proposes Regulation of Worldcoin
An Argentinian lawmaker has introduced a draft bill aimed at regulating Worldcoin and its operations within the country. This move follows Worldcoin’s recent announcement of expansion plans in Mexico, which has also prompted concerns among Mexican lawmakers regarding the operator, Tools for Humanity.
Protecting Consumer Rights
Carlos Puglelli, a member of the Buenos Aires parliament, is the driving force behind the new bill. He and other lawmakers have raised questions about the use of biometric data collected by Worldcoin through its iris-scanning technology. The proposed bill seeks to regulate companies that gather biometric data through iris scans and ensure transparency in the handling of such data.
- Regulating biometric data collection
- Exercising control over companies like Worldcoin
- Ensuring transparency in data usage
Call for Investigation
Following Puglelli’s initiative, other Buenos Aires MPs, including Romina Braga, have called for official investigations into Worldcoin. Concerns have been raised regarding privacy and data protection issues, prompting calls for regulatory oversight and scrutiny of Worldcoin’s operations.
Proposed Regulatory Framework
If the bill is approved, it will establish a regulatory framework for the collection of biometric data and introduce penalties for any misuse of such data. The aim is to adapt legislation to address the challenges posed by the digital age and protect consumer rights in the digital space.
Regulatory Oversight
The bill proposes appointing the Provincial Directorate for the Defense of the Rights of Consumers and Users as the supervisor of Worldcoin. This regulatory body would ensure fair consumer relations, trust, and IT security in the digital realm.
Reports indicate that Worldcoin has been operating in Argentina for over a year, with thousands of citizens sharing their biometric data with the company. Concerns about data privacy and security have also been raised by regulators in other countries, including the UK, Portugal, and Chile.
Global Concerns
Worldcoin’s data collection practices have attracted scrutiny from government agencies in various regions, including Europe and East Asia. Investigations and inquiries are ongoing to ensure compliance with national regulations and safeguard user privacy.
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.
