CandleFocus Worldcoin Price Surges Despite $831K Fine in South Korea
2024-09-26
Author: Content Editor
The Personal Information Protection Commission (PIPC) of South Korea has fined the Worldcoin Foundation and Tools for Humanity (TFH) for violating personal data protection laws. The Worldcoin Foundation received a fine of KRW 725 million ($546,000) for mishandling sensitive information and sending it overseas without permission. TFH was fined KRW 379 million ($285,000) for violating local regulations on the transfer of personal data. Despite these penalties, Worldcoin continues to expand its World ID platform in new markets. Worldcoin (WLD) experienced a price surge, reaching $2.10 with increased trading volume and a market cap of $1 billion. Technical analysis suggests a bullish outlook for Worldcoin, but caution is advised as the asset may experience a short-term correction.
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