Worldcoin's Regulatory Hurdles in Kenya Intensify: Report

The Kenyan government has set up a parliamentary committee comprising 15 members to delve into the controversial crypto project – Worldcoin.

The latest development comes against the backdrop of mounting scrutiny across the globe as regulators express concerns about Worldcoin’s handling of personal information and biometric data.

According to a report from a local daily, ‘The Star,’ the 15-member team will be chaired by Narok West MP Gabriel Tongoyo.

The committee will have 42 days to investigate the project and submit its report their findings to the House.

Worldcoin launched its native token, WLD, in July, which prompted significant backlash from the privacy advocates of the crypto community. Many compared the project to a “digital dictatorship.”

Less than two weeks after the launch, Kenya became the first country to suspend Worldcoin operations as well as the distribution of WLD over the methodology employed for data collection.

Police even raided Worldcoin’s warehouse in Nairobi, Kenya, shortly thereafter.

The Kenyan Capital Markets Authority has also voiced concerns about registration activities and cautioned the residents that Worldcoin is not regulated in the country.

Although Worldcoin maintained that it adheres to Kenyan regulations, Interior Cabinet Secretary Kithure Kindiki informed Parliament that the project does not hold registration as a legal entity.

So far, Argentina, France, Germany, and the UK have all initiated investigations into the crypto project to ensure that no data regulations are being breached.

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