Worldcoin Faces Regulatory Hurdles as Price Retreats from April Highs

Worldcoin’s parabolic rally has hit a wall, with the token shedding 7% in the past 24 hours and 22% this week. The pullback comes amid heightened trading volume—up 64% despite the downturn—as markets react to escalating regulatory scrutiny across key jurisdictions.

Kenya’s High Court delivered a blow on May 5, ordering the Worldcoin Foundation to delete all previously collected biometric data, including sensitive iris scans. The ruling expressly prohibits future data collection within the country, with local reports suggesting the court took particular issue with Worldcoin’s prior data acquisition methods.

This follows similar setbacks in Indonesia, where authorities have temporarily suspended operations. The dual suspensions highlight the growing tension between crypto projects and global regulators, particularly around privacy-sensitive biometric verification systems.