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thisCrowd - Audio Read
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In a recent turn of events, a Kenyan parliamentary committee has taken a firm stance against the controversial cryptocurrency project, Worldcoin. The committee’s recommendations, released on September 30, are sending shockwaves through the cryptocurrency world.
The story began when concerns arose about Worldcoin’s activities in Kenya. The parliamentary committee’s report accused Worldcoin of continuing to collect personal data from Kenyan residents, despite a court order issued in May explicitly instructing them to stop. Shockingly, this data collection might even include information from minors. The report strongly condemned these actions, asserting that Worldcoin acted “in total disregard” of the order.
The most startling recommendation from the parliamentary committee is the call for the shutdown of Worldcoin’s operations within Kenya. They’ve urged Kenyan authorities to “disable the virtual platforms” associated with Worldcoin. Simultaneously, they have suggested a comprehensive investigation into the companies connected to Worldcoin, potentially leading to criminal charges.
One of the primary concerns highlighted in the report is the privacy of Kenyan residents. Worldcoin’s practice of collecting data, including retinal scans for identity verification, has raised significant privacy issues. However, the report also pointed out the difficulty in ascertaining the number of “orbs” in the country, which are devices used by Worldcoin for iris scans.
Beyond addressing Worldcoin’s actions, the parliamentary committee has recommended that the Kenyan government consider establishing a comprehensive framework for digital assets and virtual asset service providers. This move aims to regulate the cryptocurrency space more effectively and ensure that data privacy is upheld. Additionally, they have suggested amendments to existing regulations to encompass cybercrimes and tax reporting requirements.
The controversy surrounding Worldcoin is not limited to Kenya alone. Regulators in several countries, including Germany, Argentina, France, and the United Kingdom, have expressed concerns or initiated inquiries into Worldcoin’s activities. They argue that the project might be skirting regulations related to data protection and user privacy.
The parliamentary committee’s strong stance against Worldcoin highlights the growing concern over data privacy in the cryptocurrency world. This case serves as a reminder of the challenges and ethical considerations that arise when innovative technologies intersect with personal data. As the world watches, it remains to be seen how Kenyan authorities will respond to these recommendations and what impact this may have on the global cryptocurrency landscape.
In summary, the Kenyan parliamentary committee’s recommendations to shut down Worldcoin’s operations and address data privacy concerns have raised significant questions about the future of cryptocurrency regulation in Kenya and beyond. The world is closely monitoring the developments in this case.
