Worldcoin cryptocurrency project suspended in Kenya - Mon Wellness

Worldcoin cryptocurrency project suspended in Kenya

Kenyan authorities want to ensure that Worldcoin poses no risks to the security of citizens before it allows the project to gather iris data.

The new cryptocurrency and digital identity project, Worldcoin,

is facing a rough start in Kenya, with the government halting all local activity associated with it.

Kenya’s minister of internal security took to Facebook on Aug.

2 to announce that the country has suspended the activities of Worldcoin until

relevant public agencies had certified the absence of risks to Kenyans.

“Relevant security, financial services and data protection agencies have commenced

inquiries and investigations to establish the authenticity and legality of the aforesaid activities,”

Minister Kithure Kindiki said in a statement.

The minister stressed that the government of Kenya is specifically concerned

with Worldcoin collecting crucial identification information like iris scans in exchange for a digital ID.

As previously reported by Cointelegraph, the Worldcoin project was officially launched on July 24,

2023, after three years of development. The project was co-founded by Sam Altman,

the CEO of OpenAI — the firm behind the popular artificial intelligence (AI)-based chatbot ChatGPT.

Worldcoin’s mission builds on expectations that it will become too difficult to differentiate

between humans and online bots as AI technology grows.

To differentiate humans from AI, the startup created a digital ID system based on

proof-of-personhood. Such a digital ID is generated by scanning an individual’s iris and giving them a World ID.

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