Worldcoin Assures Korean Regulators of Compliance with Laws
CryptoNewsTerminal Staff03 Sep, 2024
Worldcoin Assures Korean Regulators of Compliance with Laws
Worldcoin Commits to Compliance in Korea Worldcoin, the issuer of the Worldcoin cryptocurrency, has maintained open communication with Korean authorities to ensure full adherence to Korean laws and regulations. Damien Kieran, Chief Privacy Officer of Worldcoin's parent company Tools for Humanity (TFH), emphasized that the organization values cooperation and compliance. This announcement comes in response to an investigation into Worldcoin launched in March 2023 by the Korean Personal Information Commission regarding possible privacy violations. Orb Data Anonymization Kieran explained that Worldcoin utilizes the Orb, an iris scanning device, to collect information that undergoes anonymization. The company prioritizes user privacy and data protection, reiterating its commitment to fully comply with Korean regulations.
