Kenyan activities of the Worldcoin cryptocurrency project have been suspended after the Kenyan government and cybersecurity experts raised concerns over the project which is expected to benefit millions of Kenyans.
Kenya's interior ministry said that the cryptocurrency project Worldcoin's local operations have been suspended to give government authorities time to investigate the project and see for possible threats to ensure the safety of the public.
The program, which began last week, was created by Sam Altman, CEO of OpenAI. Ever since the creation of this project, Worldcoin has been giving some country's users free cryptocurrencies as part of efforts to create a new "identity and financial network" In return, Kenyans will submit their iris scans to establish a digital ID.
“The Government is concerned by the ongoing activities of an organization calling itself ‘WORLD COIN’ which is involved in the registration of citizens through the collection of eyeball/iris data,” stated Minister Kithure Kindiki in a statement.
Worldcoin is attempting to create a global identity system based on iris scans that may be used to establish an agent's humanity and uniqueness. According to the effort, this might be highly essential in a world where artificial intelligence agents are active in the economy.
However, the collection of biometric information and the registration procedure in developing countries have come under question, with accusations of exploitation leveled.
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