Kenya halts Worldcoin's operations

Kenya's Interior Ministryhas stopped the operations of Worldcoin, a crypto company co-founded by OpenAI's Sam Altman. The government is worried about the company's activities, which involve collecting iris scans from citizens. The Interior Minister, Kithure Kindiki, confirmed that investigations are underway to check if the company is legitimate and following data protection rules.

Worldcoin aims to develop a global ID system using iris scans. This system would confirm that a user is a unique human. This could be important in an economy that includes artificial intelligence.

However, the company has faced criticism, especially about its work in developing countries. Some say it is taking advantage of people. Since launching last week, Worldcoin has given its crypto tokens, called WLD, to users who have had their eyes scanned. In the last 24 hours, the value of WLD has increased slightly to $2.38.

Some European regulators have also begun investigating Worldcoin. This includes the data protection office in Bavaria, Germany, which supervises the company.

Reported By Coinpaprika News