🧿 Worldcoin freeze. 🏦 AI banking rules . 🤑 Local tech-giants going profitable.

Dear subscribers,

Hope you had a great week. As we dive into a new one, here’s your curated roundup of the latest developments in Indonesia and the region’s tech ecosystem. From regulatory clampdowns to funding momentum and early signs of recovery from local tech giants—this edition is packed with updates you don’t want to miss.

Let’s dive in.

Best regards,
The DailySocial Team

Here are key updates from the Indonesian tech ecosystem in the past week:

• Indonesia’s Ministry of Communication and Digital Affairs (Komdigi) has temporarily suspended the operations of Sam Altman’s Worldcoin and WorldID due to concerns over biometric iris data misuse. Worldcoin, a crypto product under Altman's Tools for Humanity project, claims all user data is encrypted and not sold. Still, authorities are taking precautionary measures and will summon two affiliated entities: PT Terang Bulan Abadi (unregistered PSE) and PT Sandina Abadi Nusantara (used as a TDPSE entity). The move aligns with national digital safety regulations. [Read More]

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