Kenya Suspends Worldcoin Project Due To Safety Concerns

The new cryptocurrency and digital identity project, Worldcoin, is facing a rough start in Kenya. The Government is now suspending all local activity.

By Staff

Post Feature Image

The Worldcoin project, a new cryptocurrency and digital identity initiative, has hit a roadblock in Kenya, with the Government suspending all local activities associated with it. The Minister of Internal Security, Kithure Kindiki, announced the suspension on August 2, citing concerns over the collection of crucial identification information, such as iris scans, in exchange for a digital ID.

Minister Kindiki took to Facebook to inform the public about the suspension of Worldcoin’s activities in Kenya. The Government’s primary concern is the collection of sensitive identification information through iris scans, which has prompted relevant security, financial services, and data protection agencies to initiate inquiries into the project’s authenticity and legality. Until these agencies certify the absence of risks to Kenyans, the project will remain halted.

“Relevant security, financial services, and data protection agencies have commenced inquiries and investigations to establish the authenticity and legality of the aforesaid activities,” interior minister Kithure Kindiki said in a statement.

The statement from the Kenyan Government also emphasizes that anyone involved in furthering, aiding, abetting, or engaging in the activities associated with Worldcoin will face appropriate action. This indicates that the authorities are taking the matter seriously and are willing to take necessary measures to protect citizens’ data and financial interests.

Despite the suspension, Worldcoin witnessed massive interest in Kenya, with over 350,000 Kenyans signing up for the project as of Tuesday. The allure of free cryptocurrency tokens, worth approximately 7,000 Kenyan shillings ($49.09), attracted a significant number of participants. 

The Worldcoin project has not been limited to Kenya alone, as people from various countries, including Uganda, Germany, Spain, and France, have flocked to registration sites to participate in the venture. As the project gained international attention, it also came under scrutiny in other countries, such as Britain and Germany prompting questions about its compliance with local regulations and data protection laws.

Your daily crypto news ResourceLearn more about SatsDaily
Ways to follow
Copyright © 2022 SatsDaily All Rights Reserved