wordpress blog stats
Connect with us

Hi, what are you looking for?

WorldCoin faces the heat: Kenya Suspends WorldCoin Activities in the country

Kenya’s action against the crypto project makes it the first country to take a resolute stance on the matter

On August 2, Kenya’s interior ministry said that it suspended the activities of the WorldCoin project while government agencies assess the potential risks to public safety associated with it. The authorities are also looking into the authenticity and legality of WorldCoin’s operations and into how the data being collected is going to be used by WorldCoin.

What is WorldCoin?

WorldCoin is a global cryptocurrency project initiated by OpenAI’s founder Sam Altman, and Alex Blania, the founder of the technology company Tools for Humanity (TFH). TFH provides the technology support for the project and has developed the Orbs used for WorldCoin’s biometric verification and the first version of the WorldApp, which is used to gain access to your WorldCoin supply.

Why it matters:

Simply put, WorldCoin gives people access to cryptocurrency tokens provided they go to an Orb (a verification location) and agree to undergo biometric verification. This collection of biometric information (iris scans and facial data) has grave privacy implications because while you can change your passwords, once biometric information is leaked, there is no way to rectify the situation.


Article continues below ⬇, you might also want to read:


It is notable that while others such as UK’s Information Commissioner’s Office (ICO), Germany’s data protection authority, and the Bavarian State Office for Data Protection Supervision, are looking at WorldCoin and the privacy concerns associated with it, Kenya’s action against the crypto project makes it the first country to take a resolute stance on the matter.

How has WorldCoin responded to being suspended in Kenya?

WorldCoin co-founder Blania tweeted a statement saying that WorldCoin is working with the authorities to address their questions.


STAY ON TOP OF TECH NEWS: Our daily newsletter with the top story of the day from MediaNama, delivered to your inbox before 9 AM. Click here to sign up today!


 

Written By

Free Reads

News

Vaishnaw's remarks come a day after Google removed apps belonging to Matrimony.com, Info Edge (Naukri and 99 Acres), Shaadi.com, Altt, Truly Madly, Stage, Quack...

News

Paytm has started distancing itself from PPBL in light of the current negative spotlight on PPBL.

News

The move can be seen as an attempt by Paytm to distance itself from the troubled Paytm Payments Bank, which has been significantly restricted...

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ