MAS’ Assessment of Risks of Worldcoin's Operations in Singapore and Measures to Deter Related Criminal Activities

3 Mr Derrick Goh asked the Prime Minister and Minister for Finance (a) whether MAS has assessed the risks of Worldcoin's operations in Singapore, including issues relating to data privacy, scams and cryptocurrencies; and (b) how will measures be enhanced to deter criminal activities relating to Worldcoin in Singapore.

Mr Gan Kim Yong (for the Prime Minister): This question has been answered in my reply to Miss Rachel Ong's Parliamentary Question filed for yesterday's Sitting. [Please refer to "Regulations for Sale of WorldCoin Accounts to Third Party Agents for Monetary Incentives", Official Report, 9 September 2024, Vol 95, Issue 140, Written Answers to Questions for Oral Answer not Answered by End of Question Time section.]