The news:
- Kenya’s Ministry of Interior and National Administration has suspended the activities of WorldCoin, a crypto project scanning people’s eyes to create a global financial database for humans.
- The East-African nation has commenced an investigation into the project to know its authenticity and legality.
- WorldCoin’s activities will remain suspended in Kenya until relevant public agencies can certify that it poses no risk to Kenyans.
WorldCoin, the cryptocurrency project that aims to establish universal access to the global economy, has been suspended by the Kenyan government.
Launched on July 24, 2023, the project scans people’s iris for a $54 sign-up bonus. It has gotten over 2 million signups. since it started registering users about two years ago.
The project which was founded by Sam Altman, one of the brains behind OpenAI (ChatGPT), was launched to create a global financial database for everyone in the world.
Featured image source: Electrify via Medium
