South Korea fines Worldcoin Foundation and Tools for Humanity for violating data protection laws
September 26 news, according to ZDNet Korea, the Personal Information Protection Commission (PIPC) of South Korea has fined Worldcoin Foundation and Tools for Humanity (TFH) for violating personal data protection laws.
The Worldcoin Foundation was fined 725 million Korean won (about $546,000) for improperly handling sensitive information and transferring it abroad. Tools for Humanity (TFH), on the other hand, was fined 379 million Korean won (about $285,000) for violating local regulations regarding the outbound transfer of personal data.
This investigation began in February due to complaints and reports about Worldcoin collecting biometric data without permission to provide cryptocurrency services.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: A certain whale bought 16.35 million PIPPIN in the past 3 days, with unrealized profits exceeding $740,000.
Western Union launches stablecoin payment card
Meme token Franklin's market cap briefly surpassed $13 million, with a 24-hour increase of 404%
Trending news
MoreCrypto prices
More
