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Colombian authorities charge Worldcoin with alleged violations of personal data protection regulations

BlockBeats news, on August 23, CoinDesk reported that the Colombian Industrial and Commercial Supervision Bureau (SIC) accused Worldcoin and the company behind it, Tools for Humanity, of violating personal data protection regulations. SIC said in a statement that the accusation was a preliminary prosecution and not a formal accusation, aimed at determining whether these companies violated Colombia's data protection laws in their personal data collection and processing policies. Worldcoin currently collects personal data in 25 locations in Colombia, including cities such as Bogota, Medellin, Cartagena and Barranquilla. If convicted, SIC may impose economic sanctions on it, or temporarily or even permanently close its operations in Colombia.

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The governance token of Worldcoin, WLD, has an initial supply cap of 10 billion, with 75% allocated to the Worldcoin community, 9.8% to the initial development team, 13.5% to Tools for Humanity investors, and 1.7% reserved for Tools for Humanity.
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