Worldcoin is facing legal action for violating the National Consumer Protection Law of Argentina, and may be fined over 1 million US dollars
According to Wu, Worldcoin is facing a legal lawsuit in Buenos Aires for allegedly violating the Argentine "National Consumer Protection Law." The company is accused of adding unfair terms in contracts that infringe on consumer rights, such as allowing service suspension without refunds, forcing users to waive their collective claims rights, and setting arbitration in California against local laws. Additionally, the company's handling of user iris data is stored in Brazil and does not prevent minors from registering. Due to these violations, Worldcoin may face fines exceeding $1 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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