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- Worldcoin has launched a global identification system based on iris scanning.
- As per CMC, the token’s value has risen by 4.57% in the past 24 hours.
On Wednesday, the Kenyan Ministry of the Interior announced via its Facebook page that it had halted Worldcoin’s operations while the nation’s financial, security, and data protection agencies investigate the project’s legality and data security measures.
The Ministry remarked:
“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.”
Increasing Criticism Regarding Data Collection
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To authenticate its users, Worldcoin has implemented a global identification system utilizing iris scanning. The project claims this will be crucial in a future where AI-driven bots engage in economic activities. However, the registration process and the collection of biometric data in developing countries have faced criticism and allegations of exploitation.
As previously reported, Worldcoin is being scrutinized by several European authorities, including the Bavarian data protection agency. Kenya is the first nation to completely suspend the company’s operations while awaiting the results of an investigation by local officials.
The ministry indicated that this decision was taken as a precautionary security measure. The project will remain on hold until the relevant authorities have assessed it and granted their approval. Sam Altman, CEO of OpenAI, is also a co-founder of Worldcoin, which has faced significant backlash from privacy advocates.
Since the project’s launch last week, users who have undergone iris scanning have received WLD tokens as rewards. According to CMC data, the token’s price has increased by 4.57%, reaching $2.41, in the last 24 hours.
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