Cryptocurrency Q&A
Why did Kenya suspend cryptocurrency project worldcoin?
Why did Kenya suspend cryptocurrency project worldcoin?
CryptoMystic
Tue Feb 18 2025
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Kenya suspended the cryptocurrency project Worldcoin due to concerns over public safety. The government is assessing the potential risks posed by the project, which involves collecting iris data for digital identity verification.
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KpopStarlet
Thu Feb 20 2025
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Giulia
Thu Feb 20 2025
Kenya's interior ministry made an announcement on Wednesday regarding the status of a cryptocurrency project operating within its borders.
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CryptoTamer
Thu Feb 20 2025
The ministry revealed that it had taken the decision to suspend the local activities of Worldcoin. This suspension was implemented as a precautionary measure.
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Tommaso
Thu Feb 20 2025
The suspension is intended to allow government agencies time to thoroughly assess the potential risks associated with the cryptocurrency project. These assessments are crucial in ensuring public safety.
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IncheonBeautyBloom
Thu Feb 20 2025
The interior ministry emphasized the importance of safeguarding the welfare of Kenyan citizens. It highlighted that the decision to suspend Worldcoin's activities was made in the best interests of the public.
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