South Korea fines the Worldcoin Foundation and Tools for Humanity for violating data protection laws

ChainCatcher news, according to ZDNet Korea, the Personal Information Protection Commission (PIPC) of South Korea has fined the Worldcoin Foundation and Tools for Humanity (TFH) for violating personal data protection laws.

The Worldcoin Foundation was fined 725 million won (approximately $546,000) for improperly handling sensitive information and transferring it abroad. Tools for Humanity (TFH) was fined 379 million won (approximately $285,000) for violating local regulations regarding the outbound transfer of personal data.

The investigation began in February, triggered by complaints and reports that Worldcoin collected biometric data without permission to provide cryptocurrency services.