Investing.com - Financial Markets Worldwide
🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Kenya Shuts Down Worldcoin’s Activities Over Privacy Concerns

Published 02/08/2023, 14:00
Updated 02/08/2023, 14:45
© Reuters. Kenya Shuts Down Worldcoin’s Activities Over Privacy Concerns
META
-

  • The government of Kenya has suspended Worldcoin’s activities in the country.

  • Government agencies are probing the cryptocurrency startup over privacy and security.

  • Worldcoin was previously under scrutiny from regulators in France and Germany.

Kenya has become the latest country to scrutinize Worldcoin, the ambitious cryptocurrency project recently launched by ChatGPT founder Sam Altman. The government of Kenya has shut down Worldcoin’s activities in the country due to concerns over privacy and security. The project’s controversial biometric scans caused the government’s intervention.

According to a press release posted on Kenya’s Ministry of Interior and National Administration’s official Facebook (NASDAQ:META) page, the government has expressed concerns over Worldcoin’s registration of Kenyan citizens through iris data (biometric scan). To that end, the government has suspended the crypto startup’s local activities.

Various government agencies, including security, financial services, and data protection, have initiated investigations and inquiries into Worldcoin’s operations in order to determine their legality and authenticity in the interest of cit…

The post Kenya Shuts Down Worldcoin’s Activities Over Privacy Concerns appeared first on Coin Edition.

The post Kenya Shuts Down Worldcoin’s Activities Over Privacy Concerns appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.