Worldcoin's Iris Scanning Technology Raises Alarms In Kenya

The Kenyan government halted operations of Worldcoin (CRYPTO: WLD), a crypto project co-founded by Sam Altman, due to concerns over data privacy and public safety. Worldcoin, which has already registered hundreds of thousands of customers in the country, is currently under investigation by the country's security, financial services, and data protection agencies.

Timeline of Worldcoin-org

Identity and financial public network, Worldcoin has revealed plans to allow companies and governments everywhere to use its ID system. Worldcoin Growing Worldwide According to Ricardo Macieira, the general manager for Europe at Tools For Humanity (the San Francisco and Berlin-based company behind Worldcoin), the company will allow more users worldwide to sign up for its ID system.

The Kenyan interior ministry said on Aug.2 that Worldcoin's activities in the country have been “suspended” in order to give government agencies an opportunity to assess the cryptocurrency project's potential risks to public safety. The country's interior minister Kithure Kindiki reportedly warned of unspecified consequences for those violating the country's laws.

Ever since its launch last month, the Worldcoin project is shifting quick gears to expand its global footprint. As part of this mission, Worlcoin has decided to share its iris-scanning technology to third parties for them to build their digital ID systems.

As the cryptocurrency market continues to evolve, Worldcoin, a project founded by Open AI's Sam Altman, finds itself under investigation by one of Germany's top privacy regulators, the Bavarian State Office for Data Protection Supervision. The investigation, which began in November 2022, is still ongoing, according to a recent report by Reuters on July 31.

Worldcoin's ambitious move to make its iris-scanning and identity-verifying technology accessible to governments and businesses alike marks a bold step in the rapidly growing field of digital identity and financial networking. The company, co-founded by OpenAI CEO Sam Altman, is both attracting millions and drawing scrutiny over privacy concerns.

The Kenyan Government has suspended the activity of Worldcoin, the recently launched digital identity crypto project, according to an Aug. 2 statement shared by Kenya's Ministry of the Interior on its official Facebook page.

Worldcoin, a new crypto project offering digital IDs via iris-scanning, has been suspended by the Kenyan government over privacy and security concerns. Kenyan Government Suspends Worldcoin's Activities Only 10 days after the official launch of Worldcoin, the project has already been suspended in one of the few countries where the company's iris-scanning device Orb was available.

The Republic of Kenya has suspended Worldcoin, a cryptocurrency project co-founded in 2019 by OpenAI chief Sam Altman, while the country's security and data protection services look into the authenticity and legality of the project, the Ministry of the Interior and National Administration said on its Facebook page on Wednesday.

In an ambitious move, Worldcoin, the company behind the biometric identity project, plans to extend its reach globally and provide access to its iris-scanning and identity-verification technology to other organizations, a senior manager disclosed in an interview with Reuters. With over 2.

In a striking move against a global identity crypto protocol, Kenya's Ministry of the Interior has suspended the operations of Worldcoin within the country. Worldcoin, co-founded by OpenAI's Sam Altman, has come under scrutiny for its practices in collecting iris data.