Why did WLD ultimately fall to $0.1
Why WLD will ultimately drop to $0.1
I. Overview of the Indonesia halt incident
In May 2024, Indonesia's Ministry of Communication and Information (Kominfo) officially suspended all activities of Worldcoin, including iris scanning and data collection, mainly for the following reasons:
Lack of transparency in the data collection process
Involves cross-border transmission of biometric information, posing significant privacy risks
Failed to obtain legal data processing permission, violating Indonesia's (Personal Data Protection Law)
This is another major country after Kenya, France, Germany, and Argentina that has halted Worldcoin.
I. Overview of the Indonesia halt incident
In May 2024, Indonesia's Ministry of Communication and Information (Kominfo) officially suspended all activities of Worldcoin, including iris scanning and data collection, mainly for the following reasons:
Lack of transparency in the data collection process
Involves cross-border transmission of biometric information, posing significant privacy risks
Failed to obtain legal data processing permission, violating Indonesia's (Personal Data Protection Law)
This is another major country after Kenya, France, Germany, and Argentina that has halted Worldcoin.
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WLD
1.183
-1.58%
