Kenya has officially dropped its investigation into the activities of the cryptocurrency project Worldcoin. The probe, which scrutinized the project’s operations, has been concluded, allowing the parent company, Tools for Humanity, to resume its activities in the country.
Worldcoin, a project that aims to create a global digital currency, had faced scrutiny due to its method of user verification, which involves scanning individuals’ irises. This biometric approach raised concerns about data privacy and security, prompting the Kenyan authorities to investigate.
With the probe now dropped, Tools for Humanity has announced plans to recommence the iris scanning process across Kenya. The company assures that its operations comply with data protection regulations and emphasize their commitment to safeguarding user information.
This development marks a significant step for Worldcoin in its mission to expand its user base and promote the adoption of its digital currency. It also highlights the increasing intersection of technology, finance, and regulatory frameworks in the evolving landscape of digital assets.
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