New developments continue to occur for Worldcoin, which brought many discussions with its release.
At this point, while Worldcoin's collection of biometric data of users caused controversy in many countries, England and France launched an investigation about Worldcoin.
After France and England, another bad news came from Kenya.
Kenya's interior ministry announced on Wednesday that it is suspending local operations of Worldcoin, the cryptocurrency project launched last week, as government agencies involve potential risks to public safety, Reuters reported.
Interior Minister Kithure Kindiki made the following statements in her statement:
“The Kenyan government is concerned about the ongoing activities of the project, which calls itself Worldcoin, which is involved in the registration of citizens through the collection of iris data.
At this point, the relevant financial, security and data protection services have started investigations to ensure the legitimacy and data protection of the project.”
While Worldcoin attracted attention with its availability to all people except US citizens, there was no listing news from US stock exchanges.
Worldcoin (WLD), listed on Binance, continues to trade at $2.35 at the time of writing.
What a misleading title, was this done in purpose?