Indonesia Suspends Sam Altman’s Eye-Scanning World Project
Indonesian regulators have suspended World, formerly Worldcoin, citing a “serious violation” of regulations. The suspension follows reports of “suspicious activity” related to the project, which offers users crypto token payments (WLD) for biometric data scans via Orb devices. The Indonesian subsidiary, PT Terang Bulan Abadi, is accused of operating without proper registration as an Electronic System Organizer (PSE) and using another entity's registration certificate. Regulators have summoned both PT Terang Bulan Abadi and PT Sandina Abadi Nusantara for clarification. Previous regulatory actions against World include a GDPR compliance order in Germany and a ban in Brazil. Despite the suspension in Indonesia, World has expanded its services to six major U.S. cities and launched integrations with companies like Match Group and Visa.
