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Kenya Suspends Worldcoin Cryptocurrency Project

Kenya
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Kenyan authorities are cautious about allowing the Worldcoin project to gather iris data to ensure the security of citizens is not compromised.

The new cryptocurrency and digital identity project, Worldcoin, encountered a difficult start in Kenya, as the government suspended all local activities associated with it.



Minister’s Announcement:
Kenya’s Minister of Internal Security, Kithure Kindiki, used Facebook on August 2 to announce the suspension of Worldcoin’s activities. The decision was taken until relevant public agencies could certify the absence of risks to Kenyan citizens.

The authorities have initiated inquiries and investigations involving relevant security, financial services, and data protection agencies. These efforts aim to establish the authenticity and legality of the activities linked to Worldcoin.

The statement by Kenya’s minister of internal security on Worldcoin. Source: Facebook

The Minister of Internal Security emphasized that the Kenyan government’s primary concern lies in Worldcoin’s collection of vital identification information, such as iris scans, in exchange for a digital ID.

Warning to Parties Involved: The statement issued on Facebook warned that “appropriate action” will be taken against any individual or entity involved in furthering, aiding, abetting, or being connected with the activities described above. This suggests that the government is prepared to take decisive measures to address the situation.

The Worldcoin project, co-founded by Sam Altman, CEO of OpenAI, officially launched on July 24, 2023, following three years of development.



Worldcoin aims to address the challenge of distinguishing humans from online bots as AI technology advances. To achieve this, the startup introduced a digital ID system based on “proof-of-personhood.” This system involves scanning an individual’s iris to create a unique digital ID called the World ID.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

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