Singapore Parliament Concerns Over Worldcoin Account Transaction Risks and Privacy Protection
Publication Time:2024-09-11 13:46:06
The Singapore Parliament recently discussed the operational risks of Worldcoin in Singapore, with particular attention to potential money laundering activities through buying and selling accounts. Government officials noted that while Worldcoin itself does not provide payment services, buying and selling its accounts may involve illegal activities. Currently, relevant departments are conducting in-depth investigations and have issued warnings to the public, advising them not to transfer or participate in such account transactions to avoid potential data privacy leaks and criminal misuse. This move aims to strengthen financial regulation, protect user rights, and maintain stability and security in the financial market.
Worldcoin
account transactions
Singapore Parliament
Privacy Risk
Legal Compliance