The popular altcoin project Worldcoin (WLD) has been suspended by the authorities in the African country of Kenya. In a statement today, the Kenyan Ministry of Interior stated that Worldcoin activities pose a threat to public safety and restricted the domestic activities of the project.
The crypto project by Sam Altman, CEO of OpenAI, the main subsidiary of ChatGPT, has recently been launched. Worldcoin, which uses facial information to get users into the system, caused great controversy across the industry. WLD, the altcoin unit of the notorious blockchain startup, was listed on giant exchanges such as Binance and KuCoin in the first days.
Kenyan Interior Minister Kithure Kindiki stated that they are investigating whether the project meets security and data laws across the country. The government is investigating in which areas the Worldcoin project uses the data it collects.
Great Interest in Worldcoin!
The crypto startup, which registered more than 2 million users during pre-registration, continues to attract great attention. According to imprecise data, around 350,000 citizens in the African country shared their facial recognition data to sign up for Worldcoin.
The incentives lie behind the great interest in the altcoin project around the world. Authorities are currently distributing $50 worth of WLD tokens to every person who registers on the platform. Much of the crypto community claims that the project has seen artificial growth thanks to this incentive.
Ethereum founder Vitalik Buterin recently shared the problems he saw with the project in a blog post.
48350
