Crypto –Government has today Wednesday August 2 suspended Worldcoin Cryptocurrency.
Interior Cabinet Secretary Kithure Kindiki suspended activities on Worldcoin Cryptocurrency company in the country after huge uproar over its activities in Kenya.
This was a move taken days after the crypto company had launched its services in the country with the entrance seeing thousands of poor Kenyans flock its desks in Nairobi to register.
This craze quickly created both fear and anxiety as the registration process would see volunteering individuals taken through intensive biodata process like eyes screening etc.
“Because Owalo doesn’t understand data privacy dynamics, he sees it right that as long as people go there willingly, it’s ok. He doesn’t understand that the ignorance of the poor and desperate can be exploited,” MCA Robert Alai noted.
Fellow renowned blogger Cyprian Nyakundi also joined by faulting the exercise which he described as fraudulent.
“Kenyans are willing to sell their biodata at sh 7,000 to a foreign company. This is shocking,” Nyakundi highlighted on Tuesday August 2.
Interestingly, ICT Cabinet Secretary Eliud Owalo, while appearing on NTV this Wednesday August 2, would claim that the government was aware of Worldcoin in the country but was still monitoring and assessing its activities.
“We got wind of Worldcoin practices in April and wrote them a letter. There is no provision in law that the organisation has breached. We’ll give a comprehensive statement on this today,” he promised even as his counterpart Kithure Kindiki announced its suspension.
The name Worldcoin arrived in the country in April this year, despite its craze and popularity picking momentum late July.
Thousands of youths have been running to queue on its desks around the city so that to have their eyes scanned for a compensation of sh 7000.
