Breaking news: All Worldcoin stores in Brazil have gone *poof* faster than your favorite reality TV star in a scandal. Thanks, CPI! 🕵️♀️
A spicy testimony from the Iris Parliamentary Inquiry Commission (CPI) has revealed that the Worldcoin store spree across Brazil has officially hit the braking point. Yep, gone without a trace, faster than your ex’s promises of change. 🚪💨
On September 16, Joaquim Lopes Alves, legal eagle for Festejola do Brasil LTDA – basically the guy who shows up and says “Yep, I represent the whole mess”- took the stand about the Great Store Shutdown. Turns out, his team was just trying to scan some irises, not build a coffee empire, in case you were worried about their retail ambitions. ☕👁️
Apparently, the scheme involved handing out shiny incentives to get folks to sit still long enough to have their eyes scanned for the World ID project. These iris-check stations were sprinkled across São Paulo like confetti at a parade, because why not turn everyone into a biometric data point? 🎉👀
Stores Closed by Federal Decree: What Went Sideways?
Their doors shut faster than a TikTok star’s relevance after a scandal, all thanks to the National Data Protection Authority (ANPD). Lopes Alves claimed Tools for Humanity (TFH) played nice-until the police showed up like uninvited relatives at a holiday dinner. 🧐🚓
All the staff were promptly shown the exit, leases canceled, and the lights turned off-pretty much the startup version of a toxic breakup. And nobody was crying more than the data privacy advocates, but hey, at least it’s quiet now. 🤫
The CPI crew is now deep-diving into whether TFH was just shady or legally questionable-so grab your popcorn. Lopes Alves tried to spin the incentives as “not payments,” which sounds kind of like saying “I was just borrowing your shoe” when you’re really stealing it. 🥿🤷♂️
Members of the CPI are wired up with concern-fears of data theft and misuse are floating around like bad Wi-Fi signals in a basement. 📡
The Big Picture: Tech Meets Regulation – or Not
Lopes Alves painted World ID as a long-term investment, backed by fancy investors who want a safer internet-because nothing says “security” like iris scans, right? 🛡️👁️
Their pitch? Data gets anonymized. Think of it as a digital masked ball-wear a mask, stay anonymous, and all that jazz. Or so they say. 🤖🎭
But the skeptics, like Janaina Paschoal, pointed out TFH didn’t even have a legit office in Brazil-more like a ghostly partnership that’s trying not to get caught. Transparency and legality? Still playing hide-and-seek. 🔎🙄
And trust issues? Big time. Joao Ananias spotted inconsistencies in the financial incentives and who really controls all that iris info-think of it as hoping your cat isn’t secretly plotting to take over the world. 🐱🌍
The investigation keeps muddling along, with questions about whether your precious biometric data is safe or just a prize for cyber villains. 💀🕵️♂️
So, the takeaway? This whole Worldcoin gig in Brazil is basically a giant “We’re watching you”-but maybe not in the nice way. More like the “Oops, we Messed Up” kind of way for the startup. 🙃
The CPI session is live and kicking on the São Paulo City Council’s website & YouTube. Stay tuned, folks, because privacy is apparently a game that’s still being played, and nobody knows the rules. 🔴🎥
Read More
- Is XLM’s Stellar Rise to $0.32 a Heavenly Sign for Bulls? 🌟
- Big Banks Finally Join the Stablecoin Party: JPMorgan and Citigroup Can’t Stay Away
- Bitcoin’s Wild Ride: Will It Soar or Just Sit There Like a Goose? 🦆
- PUMP Token Soars 50%: A Comedy of Errors and Triumphs!
- Bitcoin Miners Chase AI Gold Rush Amid Speculative Frenzy
- Get Ready for the Privacy Revolution: Web3 Companies Are Changing the Game!
- Coinbase Dumps the Dollar? AUDD & XSGD Launch Sep 29! 💸
- Epic Showdown: 7th Largest Bank Teams Up with Crypto Giant! You Won’t Believe What Happens Next! 🤯
- When a Simple “gm” Unleashes a Crypto Circus: SBF Strikes Again! 🐒💥
- EUR PKR PREDICTION
2025-09-22 19:19