Cryptocurrency project Worldcoin has encountered another setback in Kenya. Specifically, the government has set up a council committee to investigate this controversial project.
The 15-member council is headed by Gabriel Tongoyo, MP for Narok West. The panel committee has 42 days to investigate Worldcoin and submit a report to the House committee.
The investigation comes almost three weeks after Kenya ordered a shutdown of Worldcoin after the project failed to comply with government requirements.
Interior Minister Kindiki Kithure said the government is concerned about Worldcoin's citizen registration and iris data collection practices. All of these actions pose a serious security risk, he said.
Later, Kenyan police also raided Worldcoin's warehouse to collect documents and equipment to conduct an investigation into this project.
Worldcoin is the project of OpenAI CEO Sam Altman, where users provide their eye data in exchange for a free crypto and digital proof.
Notably, the platform has attracted the attention of the community since the launch of the WLD governance token on July 24. Immediately after its launch, WLD was listed on many major exchanges such as Binance, OKX, Huobi, Bybit, etc.
Besides, after its launch, the project received mixed reviews. Prominent among them was being criticized by the CEO of CryptoQuant as a "scam conspiracy" . In addition, the project is also being investigated by the UK Information Commission and the French Privacy Watch
