{"id":135645,"date":"2024-08-16T11:30:25","date_gmt":"2024-08-16T08:30:25","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=135645"},"modified":"2024-08-16T01:56:32","modified_gmt":"2024-08-15T22:56:32","slug":"south-american-country-reiterates-crypto-restrictions-amid-worldcoin-trouble","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/south-american-country-reiterates-crypto-restrictions-amid-worldcoin-trouble\/","title":{"rendered":"South American Country Reiterates Crypto Restrictions Amid Worldcoin Trouble"},"content":{"rendered":"<p>However, this surge in interest has led local authorities to issue warnings regarding the project\u2019s legitimacy and potential risks.<\/p>\n<p>The Central Bank of Ecuador has recently reiterated its stance against the use of digital assets for transactions. Their statement follows Worldcoin\u2019s launch of its World ID verification service, which became available at several locations in Quito and Guayaquil at the end of June. The service, which involves iris scanning for verification, has attracted many participants eager to earn Worldcoin tokens.<\/p>\n<p>Reports from local media suggest that while Worldcoin has gained traction, some participants may not be fully aware of the implications of sharing their biometric data. Concerns have been raised about the transparency of the process and the potential for exploitation.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-135462\" href=\"https:\/\/cryptodnes.bg\/en\/sec-to-presumably-take-enforcement-action-against-large-asset-manager\/\" title=\"SEC to Presumably Take Enforcement Action Against Large Asset Manager\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/sec-takes-another-look-at-bitwise-etf-proposal-1-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">SEC to Presumably Take Enforcement Action Against Large Asset Manager<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>In addition, Ecuador\u2019s new Data Protection Superintendency (DPS) has <strong><a href=\"https:\/\/x.com\/SuperciasEC\/status\/1820932235769401351\" rel=\"nofollow\">criticized<\/a><\/strong> Worldcoin for not informing authorities about its operations, citing a lack of resources to monitor such activities. The Superintendence of Companies (SOC) also cautioned the public about Worldcoin\u2019s unregulated status and advised against providing biometric data for incentives.<\/p>\n<p>The Central Bank of Ecuador <strong><a href=\"https:\/\/invezz.com\/news\/2024\/08\/14\/ecuadors-bce-reaffirms-cryptocurrency-ban-amid-worldcoin-expansion\/\" rel=\"nofollow\">emphasized<\/a><\/strong> that cryptocurrencies are not recognized as legal tender in the country and warned that transactions involving digital assets would be reported for further investigation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Worldcoin (WLD), the cryptocurrency project co-founded by Sam Altman of OpenAI, has stirred significant attention in Ecuador since its introduction in June.<\/p>\n","protected":false},"author":9,"featured_media":85125,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"yes","_lmt_disable":"","footnotes":""},"categories":[25],"tags":[403],"coin_category":[],"class_list":["post-135645","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regulations","tag-worldcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>South American Country Reiterates Crypto Restrictions Amid Worldcoin Trouble - CryptoDnes EN<\/title>\n<meta name=\"description\" content=\"Worldcoin (WLD), the cryptocurrency project co-founded by Sam Altman of OpenAI, has stirred significant attention in Ecuador...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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