A Kenyan parliamentary committee tasked with investigating Worldcoin has recommended that regulators stop the project from operating in the country.
Previously, the Ministry of Internal Affairs limited the local business of the startup in order to assess potential risks to public safety. This decision opened the door for an investigation to begin.
On August 5, police officers as part of an interagency team seized documentation and equipment. According to the report, law enforcement officers transferred the Worldcoin property to the headquarters of the Criminal Investigation Department for analysis.
According to the report, the project continues to collect personal data from Kenyans in “complete disregard” of the cease-and-desist order.
Lawmakers recommended that authorities “shut down the startup’s virtual platforms” and also investigate for possible criminal charges.
The proposals also included the possibility of introducing a comprehensive system for digital assets and VASP with changes to existing regulations to take into account cybercrime and tax reporting requirements.
“The unregulated adoption and use of cryptocurrencies as an attempt to completely decentralize global monetary systems poses a threat to statehood,” – the document says.
Let us remind you that Worldcoin was launched on July 24. The main product of the project, the World ID protocol, is based on zero-knowledge proofs. This is a mobile identification tool using a retinal scan or phone number.
Previously, regulators in the UK, France, Germany and Argentina also became interested in Worldcoin’s activities.
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