- According to the information provided by the Ministry, this decision is a measure taken to ensure public safety. The suspension will continue until the relevant institutions evaluate the project as risk-free.
- Worldcoin, a controversial cryptocurrency project initiated by OpenAI CEO Sam Altman, has been under intense scrutiny by privacy regulators. The project scans human irises and provides individuals with a digital passport.
- European regulators have started to examine Worldcoin more closely. France, Germany, and the UK are among the countries that have begun investigating this controversial crypto project.
Worldcoin, a controversial cryptocurrency project initiated by OpenAI CEO Sam Altman, is facing investigation barriers in countries.
Kenya Suspends Worldcoin Project in the Country
The Ministry of Interior in Kenya announced the suspension of the cryptocurrency project Worldcoin through an official announcement. According to the information provided by the Ministry, this decision is a measure taken to ensure public safety. The suspension will continue until the relevant institutions evaluate the project as risk-free.
Worldcoin, established by OpenAI CEO Sam Altman, has been under intense scrutiny by privacy regulators. The project scans human irises and provides individuals with a digital passport. The company claims that these World IDs will be vital as artificial intelligence becomes more effective and will allow people to prove that they are not robots.
However, the legality of this data collection process, which started only 9 days ago, has raised concerns. The main concern revolves around the storage conditions of such sensitive biometric data. In response to these concerns, European regulators have started to examine Worldcoin more closely. France, Germany, and the UK are among the countries that have begun investigating this controversial crypto project.
The UK’s Information Commissioner’s Office (ICO) has stated that organizations must conduct a Data Protection Impact Assessment before processing “high-risk” data.
Despite the issues, Orbs continues to operate in countries
Despite these obstacles, the devices called “orbs” that perform iris scanning for Worldcoin are still functional in these countries. There are particularly two in the UK, one in France, and two in Germany. Additionally, there are currently 366 active orbs worldwide, with 2,000 units produced and ready for duty.
In response to privacy concerns, Worldcoin’s website states that the project is fully compliant with all laws and regulations governing biometric data collection and transfer, including the General Data Protection Regulation (GDPR).
Sam Altman claims that one person is verified every 8 seconds, and Worldcoin has announced plans to increase the number of orbs in major cities and increase capacity for registration fivefold in the coming months. According to the live counter on the Worldcoin website, over 2,164,000 people from 120 different nationalities have already registered in 34 countries.
The high number of registrations is due to the incentives offered by the project. Volunteers receive 25 WLD tokens in exchange for a photo of their irises. The token, which has recently been listed on major exchanges, is trading at $2.39 at the time of writing.
