Close Menu

    Subscribe to Updates

    What's Hot

    Bitcoin, Ethereum stay steady as risk fades and stablecoins swell

    June 29, 2025

    Buybacks are the ultimate proof-of-resilience in DeFi

    June 29, 2025

    Startups raise $739.5m across 17 deals

    June 28, 2025
    Facebook X (Twitter) Instagram
    laicryptolaicrypto
    Demo
    • Ethereum
    • Crypto
    • Altcoins
    • Blockchain
    • Bitcoin
    • Lithosphere News Releases
    laicryptolaicrypto
    Home Indonesia suspends World Network, WorldID operations over legal violations
    Crypto

    Indonesia suspends World Network, WorldID operations over legal violations

    John SmithBy John SmithMay 5, 2025No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email



    Indonesia’s digital ministry has frozen World Network’s local operating license after authorities found the project was operating under a registration belonging to a different legal entity.

    Indonesia’s Ministry of Communication and Digital — also known as Komdigi — has temporarily suspended the registration certificate of World Network, formerly Worldcoin, and WorldID services in Indonesia amid public complaints about suspicious activities related to the platforms.

    In a Sunday press release, Komdigi said it will summon PT. Terang Bulan Abadi and PT. Sandina Abadi Nusantara, two local companies linked to the operation of World Network and WorldID in Indonesia, as a measure to “prevent potential risks to the public.”

    Early findings show that PT. Terang Bulan Abadi is not officially registered to run digital services. Worldcoin was also found using a registration that belongs to a different company.

    Alexander Sabar, director general of Digital Space Oversight, noted that non-compliance with the registration obligation and the use of another legal entity’s identity to operate a digital service “is a serious violation,” adding that Komdigi urges the public to remain “alert to unauthorized digital services and to immediately report suspected violations through the official public complaint channels.”

    Crypto.news reached out to World Network and we’ll update the article if we hear back.

    Brazilian regulators have earlier found that World Network may have influenced user consent by offering financial incentives for collecting biometric data.

    According to Brazil’s data protection watchdog, Autoridade Nacional de Proteção de Dados, the practice could compromise the validity of consent, as the financial compensation offered — such as its native ecosystem token Worldcoin (WLD) — may unduly influence individuals, particularly those in vulnerable circumstances.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    John Smith

    Related Posts

    Bitcoin, Ethereum stay steady as risk fades and stablecoins swell

    June 29, 2025

    Buybacks are the ultimate proof-of-resilience in DeFi

    June 29, 2025

    Startups raise $739.5m across 17 deals

    June 28, 2025
    Leave A Reply Cancel Reply

    Demo
    Don't Miss
    Crypto

    Bitcoin, Ethereum stay steady as risk fades and stablecoins swell

    By John SmithJune 29, 20250

    Crypto fund flows indicate that stablecoins surge to nearly 30% in sell-offs, while Bitcoin and…

    Buybacks are the ultimate proof-of-resilience in DeFi

    June 29, 2025

    Startups raise $739.5m across 17 deals

    June 28, 2025

    SIX MINING reveals passive income via crypto cloud mining

    June 28, 2025

    LAI Crypto is a user-friendly platform that empowers individuals to navigate the world of cryptocurrency trading and investment with ease and confidence.

    Our Posts
    • Altcoins (604)
    • Bitcoin (30)
    • Blockchain (142)
    • Crypto (9,166)
    • Ethereum (628)
    • Lithosphere News Releases (159)

    Subscribe to Updates

    • Twitter
    • Instagram
    • YouTube
    • LinkedIn

    Type above and press Enter to search. Press Esc to cancel.