Worldcoin and WorldID Services Temporarily Banned in Indonesia Due to Alleged Data Misuse
Chillaxin' with the Latest: Worldcoin's Temp Ban in Indonesia
Hey there! The Indonesian authorities have given Worldcoin a time-out, temporarily banning their Electronic System Organizer Registration Certificate (TDPSE) and services, following some fishy activities.
This decision comes after a preliminary investigation, stressing the significance of staying on the straight and narrow in emerging markets like Indonesia.
Indonesia Flips the Switch on Worldcoin
Indonesia's Ministry of Communications and Digital Affairs (Komdigi) spilled the tea on the suspension of Worldcoin and WorldID operations. Komdigi's snooping revealed some serious breaches in Worldcoin's operations, pulling up the company on two fronts.
First, the company rumored to be running Worldcoin in Indonesia, PT Terang Bulan Abadi, failed the registration test. Under Indonesian law, they were supposed to sign up as an Electronic System Operator (PSE) and get their TDPSE certification. Instead, they royally botched it up.
Second, it appears Worldcoin's services have been sneakily using the registration certificate of another legal entity, PT. Sandina Abadi Nusantara. Talk about shady business practices! This is a blatant violation of transparency and legal accountability rules.
Alexander Sabar, Director General of Digital Space Supervision, confirmed that this suspension was prompted by community reports of suspicious activities. Komdigi determined it would invite reps from the involved companies to respond to allegations and address violations, basing their actions on Government Regulation No. 71 of 2019 on Electronic Systems and Transactions and Ministerial Regulation No. 10 of 2021.
"This icy reception is a proactive move to prevent potential hazards to the community. We'll also be scheduling a sit-down with PT. Terang Bulan Abadi in the near future," said Alexander Sabar.
Worldcoin, rebranded World, is a blockchain project co-founded by Sam Altman, CEO of OpenAI. Its mission is to conjure up a global digital identity system, WorldID. Using the Orb device, it scans users' irises, cooking up unique biometric identifiers and tossing Worldcoin tokens (WLD) to grateful participants.
Worldcoin has its sights set on bringing biometric identity verification to six US cities and intends to distribute 7,500 Orbs domestically. Despite its goal to build a kick-ass decentralized identity verification platform, Worldcoin has found itself in the hot seat globally due to controversies.
Indonesian Legal Landscape
Indonesia is working on developing a legal infrastructure for digital activities, especially cryptocurrency and blockchain. The Personal Data Protection Law (PDP), passed in 2022, lays down strict standards for collecting and utilizing personal data, including biometrics.
PSE regulations require digital service providers to register with Komdigi and adhere to security criteria. The Commodity Futures Trading Regulatory Agency (Bappebti) monitors cryptocurrency activities and mandates regular updates from exchanges and projects. The Worldcoin case forms part of Komdigi's mission to shield Indonesia's digital space from rogue operations.
Indonesia's flush with Worldcoin serves as a crystal-clear message that legal compliance and user privacy protection are non-negotiable in the rush of cryptocurrency development. Projects like Worldcoin must prioritize transparency in operations and data management to build trust with users and authorities. Tasks handling sensitive biometric data need to invest in robust security measures and clear communication to address community concerns.
As for WLD price, it's taken a 0.56% plunge in the past 24 hours, sitting at $0.9477.
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- The Indonesian Ministry of Communications and Digital Affairs (Komdigi) announced the suspension of Worldcoin and WorldID operations, citing serious breaches in Worldcoin's operations.
- PT Terang Bulan Abadi, the company rumored to be running Worldcoin in Indonesia, failed the registration test and were supposed to sign up as an Electronic System Operator (PSE) and get their TDPSE certification.
- Worldcoin's services have been found to be using the registration certificate of another legal entity, PT. Sandina Abadi Nusantara, which is a blatant violation of transparency and legal accountability rules.
- The Worldcoin project, renamed World, is a blockchain project co-founded by Sam Altman with a mission to create a global digital identity system using the Orb device and Worldcoin tokens (WLD).
- Indonesia is currently developing a legal infrastructure for digital activities, including cryptocurrency and blockchain, with the Personal Data Protection Law (PDP) and PSE regulations emphasizing security, transparency, and user privacy protection.
- Komdigi is working to shield Indonesia's digital space from rogue operations and promote legal compliance among digital service providers.
- The Worldcoin case serves as a reminder that projects engaging with sensitive biometric data need to prioritize robust security measures, clear communication, and transparency to address community concerns and build trust with users and authorities.
