Indonesia Suspends Worldcoin and WorldID Over Legal Violations
The post Indonesia Suspends Worldcoin and WorldID Over Legal Violations appeared on BitcoinEthereumNews.com. Following the detection of activities suspected of violating regulations, Indonesia has temporarily banned the Electronic System Organizer Registration Certificate (TDPSE) of World (previously Worldcoin) and WorldID services. This decision stems from a preliminary investigation and shows the importance of legal compliance in emerging markets like Indonesia. Indonesia Suspends World Indonesia’s Ministry of Communications and Digital Affairs (Komdigi) announced the suspension of Worldcoin and WorldID operations. Komdigi’s investigation uncovered serious violations in these services’ operations for two reasons. Firstly, the company allegedly responsible for operating Worldcoin in Indonesia is PT Terang Bulan Abadi. As Indonesian law requires, Terang Bulan Abadi failed to register as an Electronic System Operator (PSE) and lacked the necessary TDPSE certification for legal operations. Secondly, Worldcoin’s services were found to be using the registration certificate of another legal entity, PT. Sandina Abadi Nusantara. This constitutes a significant violation of transparency and legal accountability regulations. According to Alexander Sabar, Director General of Digital Space Supervision, this suspension was prompted by community reports of suspicious activities. Komdigi stated it would summon representatives from the companies involved to clarify allegations and address violations, based on Government Regulation No. 71 of 2019 on Electronic Systems and Transactions and Ministerial Regulation No. 10 of 2021. “This freezing is a preventive measure to prevent potential risks to the community. We will also summon PT. Terang Bulan Abadi for official clarification in the near future,” said Alexander Sabar Worldcoin (rebranded World) is a blockchain project co-founded by Sam Altman, CEO of OpenAI. It aims to create a global digital identity system called WorldID. The project uses the Orb device to scan users’ irises, generating unique biometric identifiers and rewarding users with Worldcoin tokens (WLD). Worldcoin will bring biometric identity verification to six US cities and plans to distribute 7,500 Orbs nationwide. Despite its ambition to build…
The post Indonesia Suspends Worldcoin and WorldID Over Legal Violations appeared on BitcoinEthereumNews.com.
Following the detection of activities suspected of violating regulations, Indonesia has temporarily banned the Electronic System Organizer Registration Certificate (TDPSE) of World (previously Worldcoin) and WorldID services. This decision stems from a preliminary investigation and shows the importance of legal compliance in emerging markets like Indonesia. Indonesia Suspends World Indonesia’s Ministry of Communications and Digital Affairs (Komdigi) announced the suspension of Worldcoin and WorldID operations. Komdigi’s investigation uncovered serious violations in these services’ operations for two reasons. Firstly, the company allegedly responsible for operating Worldcoin in Indonesia is PT Terang Bulan Abadi. As Indonesian law requires, Terang Bulan Abadi failed to register as an Electronic System Operator (PSE) and lacked the necessary TDPSE certification for legal operations. Secondly, Worldcoin’s services were found to be using the registration certificate of another legal entity, PT. Sandina Abadi Nusantara. This constitutes a significant violation of transparency and legal accountability regulations. According to Alexander Sabar, Director General of Digital Space Supervision, this suspension was prompted by community reports of suspicious activities. Komdigi stated it would summon representatives from the companies involved to clarify allegations and address violations, based on Government Regulation No. 71 of 2019 on Electronic Systems and Transactions and Ministerial Regulation No. 10 of 2021. “This freezing is a preventive measure to prevent potential risks to the community. We will also summon PT. Terang Bulan Abadi for official clarification in the near future,” said Alexander Sabar Worldcoin (rebranded World) is a blockchain project co-founded by Sam Altman, CEO of OpenAI. It aims to create a global digital identity system called WorldID. The project uses the Orb device to scan users’ irises, generating unique biometric identifiers and rewarding users with Worldcoin tokens (WLD). Worldcoin will bring biometric identity verification to six US cities and plans to distribute 7,500 Orbs nationwide. Despite its ambition to build…
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