Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: South African Ponzi scheme mastermind dies of a heart attack in Brazil, the Argentine House advances crypto tax regularization bill, and Buenos Aires targets Worldcoin with a new bill. South African Ponzi Scheme…
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A bill that seeks to regulate the activities of companies that scan the eyes of their users, like Worldcoin, has been recently introduced in Buenos Aires. The law aims to protect the app users’ rights and help them to secure and determine the destination of the biometric data collected by these entities. Eye Scanning Bill…
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An Argentinian lawmaker has launched a draft bill that proposes regulating Worldcoin and its operator in the Latin American nation. The move comes just days after Worldcoin announced a planned expansion in Mexico. Some Mexican lawmakers have also called for a probe into operator Tools for Humanity. Argentina Lawmaker: We Must Protect Consumer Rights Per…
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The Worldcoin operator Tools for Humanity is expanding its services in Mexico, the firm announced, in spite of lawmakers’ calls for a government probe into its iris-scanning drive. Per the media outlet Criptonoticias, the company said it had opened iris-scanning centers in the capital Mexico City, as well as Guadalajara and Monterrey. WLD prices…
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Sam Altman’s Worldcoin project is reportedly running low on orbs, the devices used for iris scans in return for tokens. These orbs are biometric imaging devices that securely verify a person’s identity using iris scans. They are intended to prevent multiple accounts or identities within the Worldcoin system. Alex Blania, CEO of Tools for Humanity,…
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Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Brazil bans the use of cryptocurrency for gambling-related payments, and Worldcoin faces fines for alleged abusive behavior in Buenos Aires. Brazil Passes Rules Banning Cryptocurrency Payments for Gambling Brazil has legalized the use…
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Worldcoin, the digital biometric identification project, has rejected the claims made by Buenos Aires regarding possible infringements of customer protection laws. The organization told local sources that it answered Buenos Aires’ requirements since January to show the transparency it exercises in its operations. Worldcoin might face a deeper investigation if a local proposal gets approved.…
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Worldcoin, the biometric iris scanning digital ID organization, is being accused by the government of Buenos Aires of several transgressions, including contradictions regarding the treatment of users’ digital information. Buenos Aires considers that the company exposes users to several unfair clauses, including those describing the possible interruption of the service. Worldcoin Faces Over $1 Million…
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Coinbase International Exchange has announced that it plans to list Worldcoin and Ordinals perpetual futures products on April 11. Coinbase exchange provides institutional clients with access to over 30 perpetual futures and spot markets and will add the perpetual futures, also known as perpetual swaps a type of derivative contracts. The Ordinals perpetual futures will…
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Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: the Brazilian stock exchange will offer bitcoin futures contracts, Paraguay advances measures to curb illegal bitcoin mining operations, and Worldcoin gets a legal victory in Chile. Brazilian Stock Exchange B3 to List Bitcoin…
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