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Gulf Press > Business > Crypto > Experts issue warning about Worldcoin expansion in Mexico
Crypto

Experts issue warning about Worldcoin expansion in Mexico

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Last updated: 2024/10/07 at 12:02 AM
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Worldcoin, a controversial digital identity project operated by Tools for Humanity, has recently expanded its services into Mexico, raising concerns among security and IT experts. The project has launched new World ID services and facilities in Puebla, Mexico, with the aim of providing ID verification services and ensuring that users are over 18 years old. While Worldcoin claims to only provide World IDs to “unique human beings,” experts warn about potential risks associated with biometric data collection and processing by the company.

In response to the expansion into Mexico, security experts like Carlos Tlahuel from the National Autonomous University of Mexico have advised citizens to be cautious about sharing personal data with companies. Tlahuel stressed the importance of questioning the necessity of providing biometric data and understanding the potential risks associated with it. He urged Mexican citizens to be more critical of the data they provide to access services, as it could be used for unsavory purposes by companies.

Experts suggest that Worldcoin’s focus on Latin America (LATAM) may be due to regulatory challenges in other regions, such as the US and the EU, where there are stricter data protection laws and financial resources. Evin McMullen of Privado ID emphasized the importance of building technology that empowers all communities and noted that Worldcoin has not expanded into regions with strong personal data protections. Worldcoin has faced criticism for collecting biometric data from minors in Latin America, prompting the company to roll out ID verification solutions to address these concerns.

News outlets in Mexico have reported that immigrants from neighboring countries like Colombia have been targeted by third-party agents who collect iris scans in exchange for cryptoassets. This has raised further concerns about the exploitation of vulnerable populations for biometric data collection. Despite regulatory and privacy concerns, Worldcoin continues to expand its operations in Latin America, with recent announcements of expansion into Guatemala. The project’s progress in the region indicates a growing interest in digital identity solutions, despite ongoing controversies surrounding the collection and use of biometric data.

In conclusion, the expansion of Worldcoin into Mexico highlights the growing interest in digital identity solutions in Latin America, but also raises important questions about privacy, security, and regulatory compliance. As the project faces criticism for its biometric data collection practices and lack of transparency, it is essential for individuals to be cautious about sharing personal information with companies. The concerns raised by security experts and privacy advocates underscore the need for regulatory oversight and ethical considerations in the development of digital identity technologies. Ultimately, the success of projects like Worldcoin will depend on their ability to address these concerns and build trust with users and stakeholders in the region.

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News Room October 7, 2024
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