NAIROBI: Kenya's interior ministry said on Wednesday (Aug 2) that it had suspended the local activities of cryptocurrency project Worldcoin while government agencies assess potential risks to public safety.
The project founded by OpenAI CEO Sam Altman launched last week. It requires users to give their iris scans in exchange for a digital ID, and in some countries users also get free cryptocurrency as part of plans to create a new "identity and financial network".
"Relevant security, financial services and data protection agencies have commenced inquiries and investigations to establish the authenticity and legality of the aforesaid activities," interior minister Kithure Kindiki said in a statement.
Worldcoin did not immediately respond to a request for comment.
Kindiki said the government was concerned with Worldcoin's activities, and agencies would probe how it intends to use the data it gathers. He said action would be taken against anyone who engages with its activities, without elaborating.
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