- Worldcoin is currently being investigated by South Korea’s Personal Information Commission.
- The authority states that if a violation of Korea’s Personal Information Protection Act is confirmed, the authority will take legal action.
- WLD price wiped out its losses from Tuesday and posted 3% daily gains.
WorldCoin, the native token of the open-source protocol, is currently under investigation by the Personal Information Protection Commission of South Korea. Despite facing a probe from South Korean authorities, WLD price has climbed over 3% on Wednesday.
Also read: Worldcoin price defends $7.00 despite Elon Musk’s confirmation of legal action against OpenAI
Worldcoin faces probe by Korea’s Personal Information Commission
Sam Altman’s project, Worldcoin, is under investigation by South Korean authorities. The Personal Information Protection Commission received complaints about iris-scanning and biometric data collection by Worldcoin’s associates in ten locations. The authority’s website reveals that the probe was launched on February 29, and once concluded, it will reveal whether Worldcoin has breached the Personal Information Protection Act.
In its investigation, the commission will consider the way of collection, processing of sensitive information and the overseas transfer of personal information. If violations are confirmed, the authority is set to take action in accordance with local regulation.
OpenAI’s project Worldcoin has previously faced probes from French authorities, Kenya, UK and Germany in the past year. WLD price has resisted a decline despite recent events in the crypto market.
The probe into the AI project and Bitcoin’s crash below the new all-time high above $69,000, failed to trigger decline in WLD price. WLD price is $6.638, at the time of writing. The AI token yielded nearly 3% daily gains for holders, continuing its uptrend.