Cryptocurrency Project Worldcoin Faces Investigations Over Privacy Concerns

The recent scrutiny of the cryptocurrency project Worldcoin has extended to the Agency for Access to Public Information (AAIP) in Argentina. This follows similar investigations underway in Germany, France, and Kenya.


The AAIP of Argentina revealed on August 8th that it has initiated an inquiry into Worldcoin due to concerns surrounding the collection, storage, and utilization of user data. The focus of the investigation is to ensure that Worldcoin is adhering to the necessary security and privacy regulations as it deals with customer information.

Worldcoin introduced its token initiative in July, which involved the use of retinal scans for user verification. This approach sparked widespread privacy apprehensions.

The AAIP emphasized that citizens hold the right to transparent and easily accessible information regarding the collection and processing of their personal data. This is particularly crucial for sensitive information like biometric data.

Biometric Data at Risk?

Before the token launch in July, over 2 million accounts had registered with Worldcoin. However, the distribution of retinal scanners prompted authorities in Germany, specifically the Bavarian State Office for Data Protection Supervision, to commence an investigation into potential privacy breaches. Similarly, the French National Commission on Informatics and Liberty expressed doubts about the data collection methods employed by the project.

On a separate note, the Minister of Internal Security in Kenya declared a suspension of Worldcoin’s local operations until a comprehensive risk assessment could be conducted. In a subsequent development, Kenyan law enforcement reportedly raided a Worldcoin facility on August 7th, seizing equipment that might have contained user data.

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