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Home » Argentine Lawmaker Presents Worldcoin Regulation Bill for Consideration
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Argentine Lawmaker Presents Worldcoin Regulation Bill for Consideration

By adminMay. 1, 2024No Comments2 Mins Read
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English Title: Argentine Lawmaker Presents Worldcoin Regulation Bill for Consideration
English Title: Argentine Lawmaker Presents Worldcoin Regulation Bill for Consideration
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Argentina Lawmaker Introduces Draft Bill to Regulate Worldcoin

An Argentinian parliament member has proposed a draft bill that aims to regulate Worldcoin and its operations in Argentina. This comes shortly after Worldcoin announced its plans for expansion in Mexico. Some Mexican lawmakers have also called for an investigation into Tools for Humanity, the operator of Worldcoin.

Carlos Puglelli, a member of the Buenos Aires assembly, is the brain behind this bill. Puglelli and others believe that Worldcoin’s use of biometric data collected through iris-scanning drives is unclear. The bill suggests regulating companies that collect biometric data through iris scanning and granting authorities in Buenos Aires oversight over companies like Worldcoin. Puglelli also emphasizes the need for transparency regarding what happens to the biometric data that users provide to these companies in exchange for cryptocurrency payments.

Worldcoin has gained popularity in Argentina, operating more than 50 iris-scanning centers in the country. Other lawmakers in Buenos Aires have also shown interest in investigating Worldcoin. Romina Braga, another member of the Buenos Aires assembly, has called for an official investigation into the company, raising concerns about privacy and data protection.

The national data protection agency launched an investigation into Worldcoin earlier this year. Puglelli’s bill aims to establish a regulatory framework for the collection of biometric data and impose penalties for any misuse of this data. The bill proposes appointing the Provincial Directorate for the Defense of the Rights of Consumers and Users as the supervisor of Worldcoin, responsible for ensuring fair consumer relations, trust, and IT security in the digital sphere.

According to Criptonoticias, Worldcoin has been operating in Argentina for more than a year, with thousands of citizens transferring their biometric data to the company based in the Cayman Islands.

It remains to be seen if the concerns raised by lawmakers will impact public enthusiasm for Worldcoin. However, they are not alone in expressing concerns. The Buenos Aires Ministry of Production, Science, and Technological Innovation has also scrutinized Worldcoin’s data protection practices. Mexican lawmakers have raised concerns, and in Chile, government agents have inspected three Worldcoin-related addresses to ensure compliance with national regulations.

Data-related concerns have also arisen in European countries such as Spain, Germany, and France, where Worldcoin’s iris-scanning efforts have faced obstacles. Government agencies in East Asian nations like South Korea and Hong Kong have initiated their own investigations into Worldcoin.

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