The controversial cryptocurrency project, Worldcoin, has hit another obstacle as Kenya suspends its operations within its borders. Worldcoin’s audacious goal of creating a global “human identity and financial network” using retina scans has raised eyebrows and sparked concerns from various nations.
The Kenyan Ministry of the Interior took decisive action on Wednesday by decreeing a suspension of all Worldcoin signups, citing apprehensions surrounding the project’s authenticity, legality, security, financial services, and data protection. The ministry wasted no time in launching an official investigation into the matter, with relevant agencies delving into the project’s activities to establish its legitimacy.
The government has suspended the activities of Worldcoin in Kenya until relevant agencies in Kenya establish their are no risks to the general public: pic.twitter.com/FuPhNtw2Ht
— Mwango Capital (@MwangoCapital) August 2, 2023
This move follows in the footsteps of several other countries that had previously voiced their reservations about Worldcoin’s approach to handling sensitive data on a massive scale. The project’s ambitious vision, coupled with the potential privacy and security implications, has triggered debates on a global scale.
Worldcoin’s journey now faces uncertain waters, and its ability to navigate the complex web of data protection and regulatory concerns will determine its fate in the evolving landscape of cryptocurrency. As governments and individuals grapple with the balance between innovation and safeguarding personal information, the world watches closely to see how this legal saga unfolds.
