Kenyan authorities have suspended the activities of Worldcoin, a new cryptocurrency and digital identity project, until relevant public agencies certify that it poses no risks to the security of Kenyan citizens. The government is particularly concerned about Worldcoin collecting iris scans in exchange for a digital ID. Investigations are underway to establish the authenticity and legality of the project. Worldcoin, co-founded by Sam Altman, aims to create a digital ID system based on proof-of-personhood to differentiate humans from AI. Tokenizing music royalties as NFTs is also being explored by the project.
Summary:
– Kenyan authorities have halted all local activity associated with Worldcoin until it is deemed safe for citizens.
– Investigations are being conducted to determine the authenticity and legality of the project.
– The government is specifically concerned about Worldcoin collecting iris scans for digital ID purposes.
– Worldcoin aims to differentiate humans from AI through a proof-of-personhood digital ID system.
– The project is also exploring the tokenization of music royalties as NFTs.
