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Kithure Kindiki freezes WorldCoin as Capital Markets Authority issues fraud alert

DNWorldcoinKICC0108A

A woman is helped scan her iris to create identification codes as part of the requirement while registering as a member of the new Worldcoin cryptocurrency at KICC Nairobi on August 1, 2023. PHOTO | WILFRED NYANGARESI | NMG

By  Kabui Mwangi

Correspondent

Nation Media Group

The government has suspended activities of the cryptocurrency project WorldCoin pending the conclusion of inquiries aimed at establishing the safety of the data being harvested.

Interior Cabinet Secretary Kithure Kindiki, in a statement Wednesday, said the move will remain in effect until assurances of the safety and integrity of financial deals are provided.

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