🏛️Parliamentary committee calls for shutdown of Worldcoin in Kenya

☀️The committee’s recommendations included having the Kenyan government consider implementing a comprehensive framework for digital assets and virtual asset service providers.

“The registration of Kenyans by Worldcoin online App is still going on despite the pendency of a court order and other administrative directions halting the same in entirety,” the report say.

☀️The unregulated adoption and use of cryptocurrency as an attempt to fully decentralize the global monetary systems, poses threat to statehood.”

☀️Worldcoin, launched with the stated intention of distinguishing real people from bots online by providing retinal scans for identity verification, had millions of sign-ups by July.

☀️ The project has drawn the scrutiny of regulators globally, who claim it is circumventing regulations and guidelines on data protection and user privacy.

☀️Authorities in Germany, Argentina, France and the United Kingdom have either raised concerns about Worldcoin or launched inquiries into its activities.

REGULATIONS and CLEARITY are the most Important factors for all crypto projects....