July 21, 2024
Kenya's Parliamentary Committee Scrutinizes Worldcoin Project Over Iris Scanning Controversy
Latest Cryptocurrency News

Kenyan Government Formed Committee to Probe Worldcoin Cryptocurrency

The Worldcoin cryptocurrency initiative has encountered another obstacle, this time within Kenya, as the government establishes a 15-member parliamentary panel to scrutinize the contentious digital asset.

As reported by a local publication, the Kenyan government has assembled a 15-member parliamentary committee led by Gabriel Tongoyo, the Narok West MP. This committee has been tasked with investigating the polarizing cryptocurrency project. The committee has a 42-day window to examine the project’s intricacies and deliver its findings to the House committee. This investigation comes in the wake of Worldcoin’s operations being suspended by Kenya nearly three weeks ago due to its failure to adhere to governmental directives to cease the practice of scanning users’ irises.

Interior Cabinet Secretary Kindiki Kithure, a pivotal figure in suspending Worldcoin’s operations, addressed the House committee, expressing the government’s apprehensions regarding the activities of Worldcoin. He particularly highlighted concerns over the project’s registration of citizens and its collection of iris data, which he contends poses significant security risks. Beyond the parliamentary inquiry, regulatory bodies in Kenya have overwhelmingly rejected the Worldcoin project. Furthermore, the judiciary has also intervened, temporarily halting Worldcoin’s activities following legal action initiated by the data commissioner’s office. The court stipulated that the data amassed by Worldcoin between April of the previous year and August 2023 must be preserved until the lawsuit concludes.

Worldcoin, a cryptocurrency endeavor with a focus on digital identification, offers its native WLD coin in exchange for iris scans from users. The project’s inception was accompanied by both controversy and hype. During its trial phase, the initiative attracted nearly 2 million users. Nonetheless, as it expanded to the public in numerous countries, reports emerged detailing the project’s contentious strategies, prompting governments in Nigeria, the UK, Argentina, Germany, and now Kenya to launch inquiries into the venture.

Image by pixabay

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