Kenya suspends Worldcoin scans over security, privacy and financial concerns ๐ฐ๐ช ๐งฟ๐
Kenya has suspended the enrollment of Worldcoin, a controversial startup that aims to create a new "human identity and financial network" through eye scans and its own cryptocurrency. The suspension comes after concerns were raised by the Ministry of the Interior regarding the authenticity and legality of Worldcoin's activities in the areas of security, financial services, and data protection. The suspension also applies to any other entity engaging with Kenyan citizens in a similar manner. Worldcoin, co-founded by OpenAI CEO Sam Altman, has raised over $500 million to create a "proof-of-personhood" network, using eye scans to register "verified humans" and offering them "free" crypto tokens in exchange. However, there are growing concerns about the privacy and security implications of Worldcoin's practices and its impact on economically-disadvantaged individuals. The suspension raises questions about the future of Worldcoin's operations and the circulation of its tokens in Kenya.
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