Kenya Suspends Worldcoin Activities After Half a Million Sign-Ups

• Kenya suspends Worldcoin activities due to security concerns
• Worldcoin launched in July 24 and registered users are entitled to 25 free tokens worth Sh7000
• France’s privacy watchdog is also investigating the crypto project

Kenya Suspends Worldcoin Activities

The registration exercise for Worldcoin in Kenya took place at the Kenyatta International Convention Centre. However, the Ministry of Interior has suspended the activities including registration citing security concerns. On August 2, Kenya’s minister of internal security announced on Facebook that the country had suspended Worldcoin operations until relevant government agencies had verified that there were no risks to Kenyans.

Capital Markets Authority (CMA) Warning

The Capital Markets Authority (CMA) in Nairobi had also warned against the ongoing registration stating that Worldcoin and its products were not regulated under the Capital Markets Act. The regulator said it was necessary to verify whether or not engaging in these activities posed any risk to Kenyans.

Privacy Concerns Regarding Data Collection

Kenya is not the first country to question the safety of data collected by Worldcoin. France’s privacy watchdog has also questioned Worldcoin’s data collection and is currently investigating the crypto project.

Kenyans‘ Excitement About WorldCoin

Despite the privacy concerns, Kenyans have been trooping in thousands to register for their free tokens worth Sh7000. They are lining up for hours at KICC to have their eyeballs scanned for authentication purposes for this new cryptocurrency project.

Conclusion

In conclusion, while many countries are still wary of cryptocurrencies due to potential security issues, a number of citizens around the world are embracing them as an alternative form of currency exchange and investment opportunity. It remains uncertain what action will be taken against those who continue with these activities but further investigations into data collection processes may provide some answers soon enough.

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