• About
  • FAQ
  • Contact Us
Newsletter
Crypto News
Advertisement
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • News
  • Market
  • Analysis
  • DeFi & NFTs
  • Guides
  • Tools
  • Flash
  • Insights
  • Subscribe
No Result
View All Result
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • News
  • Market
  • Analysis
  • DeFi & NFTs
  • Guides
  • Tools
  • Flash
  • Insights
  • Subscribe
No Result
View All Result
Crypto News
No Result
View All Result
Home Market

Worldcoin faces regulatory setback in Indonesia over compliance issues

admin by admin
May 5, 2025
in Market
0
Worldcoin faces regulatory setback in Indonesia over compliance issues
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Fast food giant Steak ‘n Shake launches Bitcoin payments, boosts financial efficiency

Fast food giant Steak ‘n Shake launches Bitcoin payments, boosts financial efficiency

May 27, 2025
Bo Hines declares the US won’t sell Bitcoin, seek endless accumulation for strategic reserve

Bo Hines declares the US won’t sell Bitcoin, seek endless accumulation for strategic reserve

May 27, 2025

Indonesia’s Ministry of Communication and Digital has temporarily suspended World (formerly Worldcoin) and its digital identity platform, World ID, citing registration issues and possible violations of local electronic system rules.

According to a May 4 statement, the ministry confirmed it had suspended the Electronic System Organizer Registration Certificate (TDPSE) for both Worldcoin and World ID. This suspension came after the agency discovered inconsistencies in how the project operated in the country.

The ministry noted that one of Worldcoin’s local affiliates, PT Terang Bulan Abadi, failed to register as a recognized Electronic System Organizer.

This status is mandatory for any digital platform seeking to operate legally in Indonesia. Instead, the project reportedly ran its operations under the license of another company, PT Sandina Abadi Nusantara, raising concerns over identity misuse and compliance gaps.

The Director General of Digital Space Supervision, Alexander Sabar, said the ministry will summon both entities to investigate further. He noted that this move is preventive and intended to protect the public from any potential harm that unregistered digital service providers pose.

Sabar also emphasized that all digital platforms must take full responsibility for their activities and operate transparently within the country’s legal framework.

Worldcoin’s advancements

This suspension marks another regulatory obstacle for Worldcoin as it attempts to expand its presence worldwide.

Over the past year, the project has faced regulatory scrutiny from authorities in several countries, including Kenya, Germany, and Hong Kong, which have scrutinized its data collection practices.

Despite these setbacks, the platform has recently secured notable growth by expanding its identity verification system into the United States.

The service is now available in six cities, including Atlanta, Austin, Los Angeles, Miami, Nashville, and San Francisco, where residents can verify their identity as humans through World ID.

Beyond that, World has also announced partnerships with companies like Visa, Tinder, Kalshi, and Morpho to explore new applications for its technology and drive broader adoption.



#Worldcoin #faces #regulatory #setback #Indonesia #compliance #issues

Tags: compliancefacesIndonesiaIssuesregulatorysetbackWLDWorldcoin
Share76Tweet47

Related Posts

Fast food giant Steak ‘n Shake launches Bitcoin payments, boosts financial efficiency

Fast food giant Steak ‘n Shake launches Bitcoin payments, boosts financial efficiency

by admin
May 27, 2025
0

Fast food chain Steak ‘n Shake has expanded its payment options to include Bitcoin (BTC) at all of its locations...

Bo Hines declares the US won’t sell Bitcoin, seek endless accumulation for strategic reserve

Bo Hines declares the US won’t sell Bitcoin, seek endless accumulation for strategic reserve

by admin
May 27, 2025
0

Bo Hines told the 2025 Bitcoin Conference in Las Vegas on May 27 that the federal government will hold every...

Cetus seeks Sui community nod to unlock 2M to make users whole

Cetus seeks Sui community nod to unlock $162M to make users whole

by admin
May 27, 2025
0

Sui-based protocol Cetus said on May 27 that it can reimburse every user affected by its May 22 exploit if...

VanEck proposes mining royalty to fill US strategic Bitcoin reserve in a budget-neutral way

VanEck proposes mining royalty to fill US strategic Bitcoin reserve in a budget-neutral way

by admin
May 27, 2025
0

VanEck head of digital assets research Matthew Sigel called on US lawmakers to attach a royalty to domestic Bitcoin (BTC)...

SharpLink makes 5M Ethereum treasury plunge with Joseph Lubin’s guidance

SharpLink makes $425M Ethereum treasury plunge with Joseph Lubin’s guidance

by admin
May 27, 2025
0

SharpLink Gaming plans to establish a $425 million Ethereum (ETH) treasury under the guidance of Consensys CEO and Ethereum co-founder...

Load More
  • Trending
  • Comments
  • Latest
Bitcoin and Ethereum Stuck in Range, DOGE and XRP Gain

Bitcoin and Ethereum Stuck in Range, DOGE and XRP Gain

April 25, 2025
Saylor says Warren Buffett’s Berkshire Hathaway is Bitcoin of 20th century – Deep Insight

Saylor says Warren Buffett’s Berkshire Hathaway is Bitcoin of 20th century – Deep Insight

May 7, 2025
Amazon CEO on Crypto and NFTs, EPNS to Expand Beyond Ethereum + More News

Amazon CEO on Crypto and NFTs, EPNS to Expand Beyond Ethereum + More News

April 25, 2025
Why DeFi agents need a private brain

Why DeFi agents need a private brain

May 4, 2025
US Commodities Regulator Beefs Up Bitcoin Futures Review

US Commodities Regulator Beefs Up Bitcoin Futures Review

0
Bitcoin Hits 2018 Low as Concerns Mount on Regulation, Viability

Bitcoin Hits 2018 Low as Concerns Mount on Regulation, Viability

0
India: Bitcoin Prices Drop As Media Misinterprets Gov’s Regulation Speech

India: Bitcoin Prices Drop As Media Misinterprets Gov’s Regulation Speech

0
Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: 5.55

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

0
ASIC Sues Former Blockchain Global Exec Over M in Unpaid Customer Claims

ASIC Sues Former Blockchain Global Exec Over $20M in Unpaid Customer Claims

May 28, 2025
Crypto czar Sacks says US could possibly ‘acquire more Bitcoin’

Crypto czar Sacks says US could possibly ‘acquire more Bitcoin’

May 28, 2025
Bitcoin Traders Eye New Highs by End of Summer; Ether Rises 3% on Treasury Optimism

Bitcoin Traders Eye New Highs by End of Summer; Ether Rises 3% on Treasury Optimism

May 28, 2025
Cetus Reveals Recovery Plan, Taps SUI for Bridge Loan

Cetus Reveals Recovery Plan, Taps SUI for Bridge Loan

May 28, 2025
  • About
  • FAQ
  • Contact Us
Call us: +1 23456 JEG THEME

© 2025 Btc04.com

No Result
View All Result
  • Home
  • News
  • Market
  • Analysis
  • DeFi & NFTs
  • Guides
  • Tools
  • Flash
  • Insights
  • Subscribe
  • Contact Us

© 2025 Btc04.com