- The Personal Information Protection Committee (PIPC) has started investigating Worldcoin’s operations in South Korea.
- Worldcoin’s investigation complains about collecting and processing personal information.
- WLD continued to rally after a temporary pullback after the investigation was announced.
According to a press release, the Personal Information Protection Commission (PIPC) has started investigating Worldcoin’s operations in South Korea. The exercise follows complaints over collecting and processing personal information by Worldcoin and other similar projects.
Notably, the press release confirmed that Worldcoin affiliates collected facial and iris recognition information at about 10 locations in Korea. Hence, the PIPC plans to investigate the process thoroughly. According to reports, the committee will analyze the collection and processing of sensitive information.
During the investigation, the PIPC will scrutinize the overseas transfer of personal information under the Personal Information Protection Act. The committee also plans to take appropriate actions under the relevant laws and regulations; in the event, it confirms that Worldcoin violat…
The post Worldcoin’s WLD Continues Rally Despite Investigation in South Korea appeared first on Coin Edition.