The cryptocurrency initiative known as Worldcoin, developed by the American artificial intelligence company OpenAI, is reportedly on track to recommence operations in Kenya following constructive discussions with the government.
The government had temporarily halted the cryptocurrency project on August 2, citing concerns related to data security. Subsequently, reliable sources within government circles have indicated that a resolution has been reached, allowing the American-based company to resume its operations under newly established guidelines.
According to Citizen TV, an unnamed source revealed, “Operations are scheduled to resume in early 2024. Worldcoin is actively collaborating with regulators to ensure compliance with Kenya’s requirements, particularly as new regulations are under consideration. Stipends will persist and extend to various locations across the country.”
In defense of Worldcoin’s activities in Kenya, CEO Alex Blania appeared before the National Assembly Ad Hoc Committee of Inquiry. Blania emphasized that the company’s primary objective is to verify individuals’ humanity and uniquely categorize them. He vehemently denied any involvement in data mining or the subsequent sale of data.
During the committee hearing on September 6, Blania addressed concerns about Worldcoin not being registered in Kenya, stating, “Yes, it is true that we are not registered in Kenya because the website of the data protection is not clear on data controlling companies, and yes, we can confirm that we are not seeking to harvest data from Kenyans. We are building something to protect privacy.”
Blania also refuted allegations that Worldcoin coerced Kenyans into undergoing iris scans by promising a payment of Sh7,500. He clarified that the amount served as an incentive or token, similar to promotional offerings by other companies such as Safaricom. Blania pointed out that the number of cryptocurrency tokens offered per person whose iris was scanned was 25, not the reported 70.
