Wednesday
August 2
2023

Kenya Suspends Crypto Project Worldcoin over Safety Concerns

Kenya’s interior ministry said on Wednesday that it had suspended the local activities of cryptocurrency project Worldcoin while government agencies assess potential risks to public safety.

The project founded by OpenAI CEO Sam Altman launched last week. It requires users to give their iris scans in exchange for a digital ID, and in some countries users also get free cryptocurrency as part of plans to create a new “identity and financial network”.

Photo courtesy of Ion Fet.

Source: Reuters (link opens in a new window)

Categories
Technology
Tags
cryptocurrency, digital identity