Worldcoin denies allegations of illegal operations in Buenos Aires

Sources said Worldcoin denied previous allegations of illegal operations in Buenos Aires, explaining that Worldcoin prioritizes "the opportunity to interact with government agencies, regulators and third parties to answer any questions they may have." In addition, Worldcoin said it has answered all inquiries from authorities since January, and the charges against it are yet to be confirmed. (Bitcoin.com) Earlier, Worldcoin was facing legal action for its alleged illegal operations in Buenos Aires. The company was accused of violating the rights guaranteed by Argentina's National Consumer Protection Law by including unfair terms in its binding contracts. Consumer protection organizations in Buenos Aires also found that the company was inconsistent in its handling of biometric data collected from local citizens. The local government found that several contracts accepted by users when using Worldcoin services, including "Terms and Conditions of Use", "Privacy Statement" and "Data Consent", undermined the rights of Argentine consumers. Among these terms that were considered unfair was one that gave the company the ability to suspend services without refunding users. These contracts forced users to waive collective claims and establish Cayman Islands regulations applicable to Argentines. Furthermore, the final dispute will be settled through arbitration under the jurisdiction of California, in violation of Argentinian law. According to information released by the city, the user iris data collected by Worldcoin will be stored in Brazil. Buenos Aires authorities also reported that the company did not issue any public statements prohibiting minors from registering in the Worldcoin system. Worldcoin faces a fine of more than $1 million for these alleged violations.