Worldcoin has today released a statement following its suspension in the country yesterday. Interior CS Kithure Kindiki announced the Government would be suspending Worldcoin activities in the country following concerns over their legality and authenticity.
Earlier today, Alex Blania, CEO and co-founder of Worldcoin, announced they had paused Worldcoin’s verification process in Kenya as they work with regulators to address issues raised.
In a statement released today, Worldcoin has addressed concerns raised by the Ministry of Interior regarding its operations in Kenya. The crypto’s popularity had seen hundreds line up for its verification process. The company in a statement has said, “We acknowledge the Ministry’s statement and wish to emphasize that security is our topmost priority and we understand that the huge crowds over three days at KICC presented a major issue.”
According to the company, the team is working on an onboarding program that includes more robust crowd control measures. In addition, it will work with local authorities to “increase understanding of the privacy measures and commitments Worldcoin implements not only in Kenya but everywhere.”
The company adds, “Worldcoin remains committed to providing an inclusive, privacy-preserving, decentralized on-ramp to the global digital economy and looks forward to resuming its services in Kenya while working closely with local regulators and other stakeholders.”
Data Safety and Regulatory Concerns
Responding to concerns over user data safety, Worldcoin has reiterated that they employ state-of-the-art technology and stringent security measures to safeguard users’ personal information. Worldcoin has further stated it ensures full compliance and transparency in all its activities within the country as per Kenyan Laws and Regulations. In addition, the company has affirmed its commitment to ensuring a safe and compliant ecosystem by adhering to regulations set by Kenyan authorities.
The company has further added it is committed to fostering constructive dialogue with local stakeholders to ensure a “smooth and mutually beneficial partnership”
Worldcoin is committed to working with our partners throughout the world to ensure that the Worldcoin project meets regulatory requirements and provides a safe, secure, and transparent service for verified humans. We aim to engage in an open and transparent dialogue to address any concerns and collectively ensure a thriving digital economy in Kenya.
Worldcoin, August 3, 2023
Following Worldcoin’s suspension, various Regulatory agencies have released statements.
