The Directorate for the Defense of Consumer and User Rights of the Province of Buenos Aires (the ‘Directorate’) imposed a fine of nearly AR$200 million on the Worldcoin Foundation (‘Worldcoin’) and ordered the removal of abusive clauses contained within its adhesion contracts.
The Directorate initiated an ex officio investigation after Worldcoin invited users to provide their biometric data -specifically through iris scanning- in exchange for receiving ‘WLD Token’ cryptocurrencies. During the course of the investigation, the Directorate determined that Worldcoin failed to provide clear, accurate and sufficient information to consumers when performing facial scans, as required in consumer relations.
The investigation also compelled Worldcoin to launch a campaign enabling consumers to delete their biometric data from the foundation’s databases and to ensure that the age of majority is verified at all locations where scans are conducted.
The Directorate declared a series of clauses in Worldcoin’s terms and conditions of use to be abusive, ordered their removal, and imposed a fine equivalent to 832 minimum vital and mobile salaries, amounting to AR$194,950,179.84. Moreover, the Directorate ordered Worldcoin to publish the resolution.
