TechFlow news: Colombia's Superintendency of Industry and Commerce (SIC) has issued a statement accusing the decentralized identity project Worldcoin and its parent company, Tools for Humanity, of allegedly violating personal data protection regulations.
According to Worldcoin’s official website, the project is currently collecting personal data through Orb devices at 25 locations across seven cities in Colombia, including the capital Bogotá. If found in violation, Worldcoin could face economic sanctions from SIC or have its operations temporarily suspended (for six months) or permanently shut down.
Notably, several Latin American governments have begun investigating Worldcoin’s activities. In August, Ecuador’s Central Bank reiterated that "crypto assets are not legal tender." That same month, Argentina’s Agency for Access to Public Information (AAIP) also launched an investigation into Worldcoin to assess the legality of its data collection practices.
