Kenya Halts Worldcoin Crypto Project Amid Safety Concerns

1 min read
Source: Reuters
Kenya Halts Worldcoin Crypto Project Amid Safety Concerns
Photo: Reuters
TL;DR Summary

Kenya's interior ministry has suspended the local activities of cryptocurrency project Worldcoin while government agencies investigate potential risks to public safety. Worldcoin, founded by OpenAI CEO Sam Altman, requires users to provide iris scans in exchange for a digital ID and free cryptocurrency. The government is concerned about Worldcoin's activities and intends to probe how it plans to use the gathered data. Over 350,000 Kenyans have reportedly signed up for Worldcoin, and the project has also faced scrutiny in other countries.

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