Singapore’s Deputy Prime Minister and chair of the Monetary Authority of Singapore (MAS), Gan Kim Yong, announced an investigation into seven individuals on suspicions of illicit trade in Worldcoin accounts and tokens. The announcement came on September 9, stating that the individuals are suspected of buying and selling these accounts and tokens, actions that could violate the Payment Services Act of 2019. Worldcoin Faces Singapore Probe Yong em…

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Worldcoin Faces Singapore Probe Over Illicit Account Sales

Singapore’s Deputy Prime Minister and chair of the Monetary Authority of Singapore (MAS), Gan Kim Yong, announced an investigation into seven individuals on suspicions of illicit trade in Worldcoin accounts and tokens. The announcement came on September 9, stating that the individuals are suspected...

TOKEN2049 est le premier événement cryptographique, organisé chaque année à Dubaï et à Singapour, où les fondateurs et les dirigeants des principales entreprises et projets Web3 partagent leur vision du...

Cardano Feed

TOKEN2049 arrive à Singapour : une étape importante pour l'écosystème crypto en Asie - La Crypto Monnaie · Cardano Feed

An announcement from Singapore’s second-in-command hints at scrutiny over Worldcoin. Law enforcement is examining possible illegal activities involving identity sellers. Citizens of Singapore have received advisories to refrain from exchanging their Worldcoin identities.   As it tangles with legal challenges, Worldcoin has now caught the attention of Singaporean officials. The crypto initiative that employs iris recognition technology, establish…

CryptoInfonet

Singapore Issues Caution On Trading Worldcoin Accounts Amid Investigation Into Sam Altman's Cryptocurrency Venture – DL News - CryptoInfoNet

Singapore’s Deputy Prime Minister has announced that Worldcoin (WLD), , the controversial identity-capturing cryptocurrency project, […] The post Worldcoin Under Investigation In Singapore For Money Laundering & Terrorism Financing, Allegedly appeared first on .

99 Bitcoins

Worldcoin Under Investigation In Singapore For Money Laundering & Terrorism Financing, Allegedly

Singapore is scrutinising activities related to Worldcoin, a Sam Altman’s cryptocurrency project that utilises iris scans for user identification. The Monetary Authority of Singapore (MAS) has confirmed that Worldcoin itself does not fall under the purview of the Payment Services Act 2019. However, individuals engaged in the buying or selling of Worldcoin accounts and tokens as a business may be in violation of the Act. Police investigations are…

Fintech Singapore

Sam Altman’s Crypto Project Worldcoin Faces Scrutiny in Singapore - Fintech Singapore

Coingape

Worldcoin has been at the center of many controversies over the past year. The retina-scanning crypto start-up that is popularly...

AMBCrypto

Singapore cracks down on unlicensed Worldcoin account and token sales

Singapore police have launched an investigation into a group of people who are said to be trading Worldcoin (WLD) accounts and tokens. The crypto project has generated controversy around the world because of its data collection practices. The Deputy Prime Minister of Singapore, Gan Kim Yong, said that the investigation is [...] The article Singapore is investigating a group linked to Worldcoin for money laundering and terrorist financing appeare…

La police de Singapour a lancé une enquête sur un groupe de personnes qui échangeraient des comptes et des jetons Worldcoin (WLD). Le projet cryptographique a suscité la controverse dans le monde entier en raison de ses pratiques de collecte de données. Le vice-Premier ministre de Singapour, Gan Kim Yong, a déclaré que l'enquête se […] L’article Singapour enquête sur un groupe lié à Worldcoin pour blanchiment d'argent et financement du terrorism…

Singapour enquête sur un groupe lié à Worldcoin pour blanchiment d'argent et financement du terrorisme - La Crypto Monnaie

La Crypto Monnaie

Singapore is investigating a group linked to Worldcoin for money laundering and terrorist financing - The Cryptocurrency

TLDR: 
Singapore investigating seven people for illegal Worldcoin services Buying/selling Worldcoin accounts may violate Payment Services Act Public warned against transferring Worldcoin accounts due to criminal risks Worldcoin faces global regulatory scrutiny over data collection practices Organizations handling biometric data must follow Singapore’s data protection laws   Singapore authorities are investigating seven individuals for allegedly …

Blockonomi

Investigation Underway in Singapore for Illegal Worldcoin Account Trading - Blockonomi

Singapore has launched an investigation into possible illegal activities surrounding Worldcoin, a project co-founded by OpenAI's Sam Altman that aims to create a global identity network using biometric data and its cryptocurrency, the WLD token.

Worldcoin Faces Singapore Probe Over Illicit Account Sales

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