Things Are Not Quiet in Worldcoin: Bad News Came From Asian Giant Country!

Worldcoin (WLD), which has been the focus of investigations since its launch, has been accused of violating national data protection laws in yet another country.

Accordingly, Worldcoin, a cryptocurrency initiative founded by Sam Altman, is now being investigated by Singapore regulators.

Accordingly, Worldcoin faced an investigation in Singapore for its alleged involvement in money laundering and terrorism financing.

Deputy Prime Minister of Singapore and Chairman of the Monetary Authority of Singapore (MAS), Gan Kim Yong, said in a statement that they have launched an investigation into a group of individuals who offered to sell and buy Worldcoin accounts and tokens to third parties.

According to the statement, Singapore authorities are investigating seven individuals suspected of illegally trading through Worldcoin accounts and tokens.

“According to the information received by MAS, Worldcoin does not provide a payment service within the scope of the Payment Services Act.

“However, individuals who purchase or sell Worldcoin accounts and tokens as a business may be providing a payment service. At this point, illegally sold Worldcoin accounts and tokens may be misused in criminal activities such as money laundering and terrorist financing.”

As you may recall, Worldcoin had previously faced allegations of violating personal data protection regulations in Colombia.

*This is not investment advice.