Dominican Republic

NIPCR investigation into Worldcoin Foundation over alleged abusive clauses requiring users to provide biometric data in exchange for cryptocurrencies

On 14 November 2024, the National Institute for the Protection of Consumer Rights (NIPCR) issued an interim ruling, suspending Worldcoin Foundation's operations in the Dominican Republic. The ruling was based on concerns regarding adhesion contracts that allegedly contained abusive clauses, which required users to provide biometric data in exchange for cryptocurrencies. The ruling followed an analysis by NIPCR's Legal Department, which identified potential violations of Law 358-05, Resolution...