Singapore Investigating Seven People for Providing Worldcoin Services
Briefly

The Singapore government has initiated an investigation into seven individuals for offering the buying and selling of Worldcoin accounts and tokens, which may violate local regulations, according to parliamentary discussions.
In a parliamentary response, Deputy Prime Minister Gan Kim Yong indicated that while Worldcoin itself is not classified as a payment service in Singapore, the transactions involving its accounts could be illegal if done by unlicensed individuals.
Ministers Rachel Ong and Derrick Goh inquired about the regulatory status and potential risks associated with the sale of Worldcoin in Singapore, reflecting growing concerns about its implications.
The police of Singapore issued a warning against the sale of Worldcoin accounts and tokens, emphasizing potential criminal uses, highlighting the urgency of addressing this issue within the country.
Read at Coindesk
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