By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Newsunplug KenyaNewsunplug KenyaNewsunplug Kenya
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Reading: Police Raid WorldCoin Cryptocurrency Warehouse In Nairobi
Share
Notification Show More
Font ResizerAa
Newsunplug KenyaNewsunplug Kenya
Font ResizerAa
  • News
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Newsunplug Kenya > Blog > News > Police Raid WorldCoin Cryptocurrency Warehouse In Nairobi
News

Police Raid WorldCoin Cryptocurrency Warehouse In Nairobi

hallanaija
Last updated: August 7, 2023 7:37 am
hallanaija
2 years ago
Share
WorldCoin
SHARE

Police raided a warehouse belonging to WorldCoin cryptocurrency in Nairobi and carted away documents over the weekend.

The officers went to the offices along Mombasa Road armed with a search warrant and left with machines they believe stores data gathered by the firm.

The team took the data to the Directorate of Criminal Investigations headquarters for analysis.

Data Commissioner Immaculate Kassait defended her office and said Tools for Humanity, the parent company of Worldcoin, failed to disclose its true intentions during registration.

The government has suspended Worldcoin’s operations in Kenya, citing security concerns paving the way for investigations into the activities of the company.

However, privacy experts worry that sensitive data gathered from scanning a person’s iris might get into the wrong hands.

The Kenyan Capital Markets Authority (CMA) stated it was concerned about the ongoing registration and notified Kenyans that Worldcoin was not regulated in Kenya.

Under Kenyan law, individuals have a right to not have any personal information unnecessarily required or unnecessarily revealed.

Worldcoin, founded by US tech entrepreneur Sam Altman, offers free crypto tokens to people who agree to have their eyeballs scanned.

READ MORE  Senate Speaker Amason Kingi mourns his father Mzee Kingi Mwaruwa

On Thursday, Worldcoin said it is planning to implement crowd-control measures and collaborate with the government before resuming work.

WorldCoin

Worldcoin, founded by US tech entrepreneur Sam Altman, offers free crypto tokens to people who agree to have their eyeballs scanned.

It claims to be creating a new global “identity and financial network”.

Altman, who founded Open AI, which built chat bot ChatGPT, says he hopes the initiative will help confirm if someone is a human or a robot. He also says this could lead to everyone being paid a universal basic income but it is not clear how.

Worldcoin says it chose Kenya as the first African country to launch the platform because of the already booming tech space, and the more than four million Kenyans who are already trading in crypto.

It has also launched in various countries including Indonesia, France Japan, Germany, Spain and the UK. Data watchdogs in some countries have already said they are examining Worldcoin.

Interior Cabinet Secretary Kithure Kindiki suspended the firm’s activities in Kenya to pave the way for a probe into the legality of its operations.

READ MORE  Burkina Faso, Mali And Niger Quit Ecowas

He Thursday appeared before Parliament to among other issues state the precautionary steps taken by the government on the already mined data.

“The aforesaid entity is not registered as a legal entity in Kenya.”

Trump declines to say if he favours Ukraine or Russia
President Ruto Defends Tax Increases As He Boasts Of A Stable Economy
KMA opposes the establishment of Ruto’s new health taskforce.
Nairobi woman nursing stab wound after her blind date turned violent
Raila says Kenya Kwanza ‘too shady’ to get into handshake with
Share This Article
Facebook Email Print
Previous Article logging Relief And Despair: Repeal Of Logging Ban Divides Kenya
Next Article Barasa Governor Barasa Urges Unity And Transparency In Govt-Opposition Talks
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

about us

We influence 20 million users and is the number one business and technology news network on the planet.

Recent Posts

  • Man d!es in police cell hours after being arrested for assaulting his wife
  • BREAKING: Simeone Explodes Over Liverpool’s Pursuit of Julián Álvarez – “I’ll Let Him Rot Before Selling Cheap”
  • 𝗡𝗘𝗪 – The Premier League champions’ interest remains firm, and Isak is focused on a move to Anfield
  • US and China extend trade truce for 90 days to avoid tariff hikes
  • Allow me join Chelsea or I won’t play for 12 months – Garnacho warns Man Utd

Recent Comments

No comments to show.
Newsunplug KenyaNewsunplug Kenya
© Newsunplug Kenya. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?