Worldcoin: Kenyan Government Launches Proactive Investigation Amid Regulatory Commitment

Key Points:

• Kenyan government establishes parliamentary committee to probe Worldcoin following regulatory backlash and suspension of iris scanning operations.
• The project faces opposition from multiple regulatory bodies and judiciary, prompting comprehensive investigation and legal proceedings in Kenya.

Kenya has established an investigative parliamentary committee to look into Worldcoin.

In a significant move, the Kenyan government has formed a 15-member parliamentary committee, led by Narok West MP Gabriel Tongoyo, to conduct a thorough investigation into the encryption project Worldcoin. The committee has been granted a 42-day window to delve into this token’s activities and present their findings to a House committee.

The investigation follows Kenya’s prior suspension of Worldcoin‘s operations due to non-compliance with a government directive to cease iris scanning of users. This decision, coupled with mounting regulatory concerns, has prompted a comprehensive review of the project’s operations.

Kenya’s regulatory stance is evident in the project’s uphill battle, with multiple regulatory bodies opposing Worldcoin’s presence within the country. Additionally, the judiciary has intervened, suspending the project’s operations based on a case initiated by the office of the data commissioner. The court’s order mandates the preservation of data collected by Worldcoin from April 2022 to August 2023, pending the lawsuit’s resolution.

The Kenyan government’s commitment to transparent and compliant digital endeavors is underscored by the formation of the parliamentary committee. As the investigation unfolds, regulatory scrutiny and legal proceedings continue to shape the landscape for Worldcoin and its operations within Kenya.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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