Kenya: Government suspends WorldCoin activities

Economic news

The Kenyan government has suspended the activities of the cryptocurrency project WorldCoin in the country pending the conclusion of inquiries and investigations aimed at establishing the safety of the data being harvested. WorldCoin is a new project by OpenAI CEO Sam Altman where users are required to provide their iris scans in exchange for digital identification and free cryptocurrency called WorldCoin token. The uptake craze in the country has thus far seen about 350,000 Kenyans sign up in a rush to obtain the free tokens currently valued at Sh7,786.

Source : Business Daily Africa

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