South Korea Fines Crypto Project Worldcoin 1.1 Billion Won for Privacy Violations

SEOUL, Sept. 27 (Korea Bizwire) – South Korea’s Personal Information Protection Commission (PIPC) has imposed a fine of 1.1 billion won on Worldcoin, a cryptocurrency project that collected iris scans from about 30,000 South Korean users without proper legal grounds and transferred the data overseas in violation of privacy laws.  The PIPC announced on September 26 [...]