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World's Operations in Indonesia Suspended

Regulators said the project behind Worldcoin did not have sufficient permitting.
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May 5, 20251 min read

Sam Altman’s World project has been suspended in Indonesia due to alleged regulatory non-compliance, raising questions about its operational practices.

What’s the Scoop?

  • Regulatory Violation Allegations: The Indonesian authorities suspended the World project following accusations of failing to comply with local regulations.
  • Impact on Local Operations: The suspension means the project will face operational challenges until regulatory concerns are resolved.
  • Focus on Compliance: The case highlights the intensified scrutiny on crypto and blockchain projects in jurisdictions with stricter regulatory frameworks.

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