The Dominican Republic has suspended Worldcoin's operations due to concerns over its contract terms and the transparency of its biometric data collection practices. The country's National Institute for the Protection of Consumer Rights (Pro Consumidor) will conduct a full investigation into Worldcoin's business practices, including its approach to handling consumer data. The suspension highlights the increasing focus on consumer rights and data privacy, particularly regarding digital services that collect biometric data. Worldcoin's contracts are said to lack crucial information required by local law to ensure transparency. The suspension could prompt stricter regulations for tech companies operating in the region, as consumer rights and data privacy become more significant concerns.
BIS Report Questions Decentralization of Liquidity Provision in Uniswap Amid Institutional Dominance
Metacade and SuperVerse Partner to Revolutionize On-Chain Gaming with Pool Prizes on Base Blockchain