Indonesia Freezes World Network's License Amid Shady Operations

Worldcoin and WorldID Under Fire for Using Fake Registrations

Hold onto your hats, crypto fans! Indonesia's digital ministry just dropped the hammer on World Network, freezing their local operating license after uncovering some seriously sketchy business. Turns out, these guys were running their show under a registration that belonged to a whole different legal entity. Talk about playing fast and loose with the rules!

Indonesia's Ministry of Communication and Digital, aka Komdigi, didn't waste any time. They've temporarily yanked the registration certificate of World Network, formerly known as Worldcoin, and their WorldID services in Indonesia. Why? Because the public's been raising red flags left and right about some seriously suspicious activities going down on these platforms.

In a bombshell press release dropped on Sunday, Komdigi announced they're calling in PT. Terang Bulan Abadi and PT. Sandina Abadi Nusantara, two local companies tied up with World Network and WorldID in Indonesia. They're not messing around - this is all about keeping the public safe from potential risks.

And get this - early investigations are showing that PT. Terang Bulan Abadi isn't even officially registered to run digital services. But wait, it gets better. Worldcoin was caught red-handed using a registration that belongs to a completely different company. These guys are playing a dangerous game!

Alexander Sabar, the big boss of Digital Space Oversight, isn't pulling any punches. He's calling out World Network's non-compliance with registration rules and their shady use of another legal entity's identity as a "serious violation." He's urging the public to stay sharp, keep an eye out for unauthorized digital services, and report any suspected violations ASAP through the official complaint channels.

We reached out to World Network for their side of the story, and we'll keep you posted if they decide to spill the beans.

Brazilian Regulators Sound the Alarm on World Network's Biometric Data Collection

But wait, there's more! Brazilian regulators are also raising the alarm about World Network's questionable practices. They're concerned that the company might be influencing user consent by dangling financial incentives in front of people to collect their biometric data.

According to Brazil's data protection watchdog, the Autoridade Nacional de Proteção de Dados, this shady practice could throw the whole concept of consent out the window. Why? Because the financial compensation they're offering, like their native ecosystem token Worldcoin (WLD), might be putting undue pressure on people, especially those in vulnerable situations. It's a slippery slope, and regulators are not having it!