Kenyan Parliament Urges Shutdown of Worldcoin Crypto Project Amid Regulatory Concerns
A Kenyan parliamentary committee wants the IT regulator to halt the Worldcoin cryptocurrency project until more regulations are in place.
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A Kenyan parliamentary committee wants the IT regulator to halt the Worldcoin cryptocurrency project until more regulations are in place.
They will appear before a parliamentary committee next week Monday.
Kenyans scanned their eyeballs in return for cryptocurrency tokens valued at about Sh7,700.
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The project, according to its founders, aims to solve one of the main challenges facing the crypto industry that largely relies on pseudonyms to operate, leaving it vulnerable to spam bots and scams.