Index Investing News
Monday, November 17, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Kenya Says Registration of Sam Altman’s Worldcoin in April Not Endorsement

by Index Investing News
August 3, 2023
in Cryptocurrency
Reading Time: 5 mins read
A A
0
Home Cryptocurrency
Share on FacebookShare on Twitter


Kenya’s
interior and information ministries in a joint statement addressed to the
country’s National Assembly said the data controller registration certificate
issued to Worldcoin on April 18, 2023, is not a valid license for the project to operate
in the country. The country has, therefore, kicked off “criminal
investigations” to establish “the authenticity and legality” of Worldcoin’s operations
in the East African country.

Discover StealthEX.io – the future of cryptocurrency. Swap instantly across 1000+ coins, no sign-up, secure, and private. Dive into the new age of crypto!

According
to details contained in the statement, a copy of which was posted on
Facebook today (Thursday) by the Kenyan Ministry of Interior and National
Administration, Worldcoin is “not registered as a legal entity in Kenya.” The
statement is signed by the cabinet secretaries of the two ministries.

“An
application for a certificate of registration only signifies that the entity has
complied with sections 18 and 19 of the Data Protection
Act, 2019, and does
not endorse an entity’s compliance with the Act or its subsidiary regulations,
nor is it a valid license for an organisation to operate in Kenya or authorize
the operations of an entity,” the cabinet secretaries explained.

The
information emerges a day after the interior ministry raised concerns about the
activities of Worldcoin in Kenya and ordered the suspension of the project in the
country. Worldcoin was created by Sam Altman, the CEO of OpenAI, and requires
users to scan their irises in exchange for free cryptocurrency. The project
claims it wants to boost the adoption of cryptocurrencies by creating a global
identity network.

Keep Reading

Meanwhile,
Worldcoin, according to the statement, first set up registration
booths
across Kenya in April last year ahead of the launch of its cryptocurrency which
went live on Binancelate
last month. The country’s data
regulator, the Office of the Data Protection Commissioner (ODPC) ordered the initial suspension of Worldcoin’s
operations in May 2022 in order to investigate the case.

In May this year, ODPC, again “directed immediate cessation of processing of
sensitive personal data,” according to the statement. This suspension was not lifted, the cabinet secretaries noted.

“The
government has commenced investigations to ensure that Worldcoin complies with
the data collection, storage and sharing principles,” the cabinet secretaries noted on the latest investigation. “Immediate mitigation steps being undertaken are
the constitution of a multi-agency team comprising of security, financial
services and data protection agencies [that] have commenced inquiries and
investigations to establish the legality of the activities of Worldcoin, the
safety and the protection of data collected with the aim to safeguard personal data and mitigate
against any adverse practices.”

Meanwhile, while speaking with NTV, a local Kenyan station,
earlier on Wednesday, Elid Owalo, the Cabinet Secretary for the Ministry of Information,
Communications and the Digital Economy, noted that Worldcoin’s activity
did not violate any law but raised security and regulatory concerns.

“Information
available to the Data Commissioner is that within the existing legal framework
today, there is no provision in the law that the organization [Worldcoin] had
negated. There has been correspondence between the Office of the Data
Commissioner and the entity,” Owalo told the station.

“As far as
the Data Act 2019 is concerned, they were acting within the law,” the minister further
noted, adding that the government was approaching the issue from “a
multi-faceted approach.”

Meanwhile, Finance Magnates reported that data and privacy
regulators in France and the UK previously stated plans to also query Worldcoin.

Acuity unveils ‘NewsIQ’; Spectrum Markets appoints compliance head; read today’s news nuggets.

Kenya’s
interior and information ministries in a joint statement addressed to the
country’s National Assembly said the data controller registration certificate
issued to Worldcoin on April 18, 2023, is not a valid license for the project to operate
in the country. The country has, therefore, kicked off “criminal
investigations” to establish “the authenticity and legality” of Worldcoin’s operations
in the East African country.

According
to details contained in the statement, a copy of which was posted on
Facebook today (Thursday) by the Kenyan Ministry of Interior and National
Administration, Worldcoin is “not registered as a legal entity in Kenya.” The
statement is signed by the cabinet secretaries of the two ministries.

Discover StealthEX.io – the future of cryptocurrency. Swap instantly across 1000+ coins, no sign-up, secure, and private. Dive into the new age of crypto!

“An
application for a certificate of registration only signifies that the entity has
complied with sections 18 and 19 of the Data Protection
Act, 2019, and does
not endorse an entity’s compliance with the Act or its subsidiary regulations,
nor is it a valid license for an organisation to operate in Kenya or authorize
the operations of an entity,” the cabinet secretaries explained.

The
information emerges a day after the interior ministry raised concerns about the
activities of Worldcoin in Kenya and ordered the suspension of the project in the
country. Worldcoin was created by Sam Altman, the CEO of OpenAI, and requires
users to scan their irises in exchange for free cryptocurrency. The project
claims it wants to boost the adoption of cryptocurrencies by creating a global
identity network.

Keep Reading

Meanwhile,
Worldcoin, according to the statement, first set up registration
booths
across Kenya in April last year ahead of the launch of its cryptocurrency which
went live on Binancelate
last month. The country’s data
regulator, the Office of the Data Protection Commissioner (ODPC) ordered the initial suspension of Worldcoin’s
operations in May 2022 in order to investigate the case.

In May this year, ODPC, again “directed immediate cessation of processing of
sensitive personal data,” according to the statement. This suspension was not lifted, the cabinet secretaries noted.

“The
government has commenced investigations to ensure that Worldcoin complies with
the data collection, storage and sharing principles,” the cabinet secretaries noted on the latest investigation. “Immediate mitigation steps being undertaken are
the constitution of a multi-agency team comprising of security, financial
services and data protection agencies [that] have commenced inquiries and
investigations to establish the legality of the activities of Worldcoin, the
safety and the protection of data collected with the aim to safeguard personal data and mitigate
against any adverse practices.”

Meanwhile, while speaking with NTV, a local Kenyan station,
earlier on Wednesday, Elid Owalo, the Cabinet Secretary for the Ministry of Information,
Communications and the Digital Economy, noted that Worldcoin’s activity
did not violate any law but raised security and regulatory concerns.

“Information
available to the Data Commissioner is that within the existing legal framework
today, there is no provision in the law that the organization [Worldcoin] had
negated. There has been correspondence between the Office of the Data
Commissioner and the entity,” Owalo told the station.

“As far as
the Data Act 2019 is concerned, they were acting within the law,” the minister further
noted, adding that the government was approaching the issue from “a
multi-faceted approach.”

Meanwhile, Finance Magnates reported that data and privacy
regulators in France and the UK previously stated plans to also query Worldcoin.

Acuity unveils ‘NewsIQ’; Spectrum Markets appoints compliance head; read today’s news nuggets.



Source link

Tags: AltmansAprilEndorsementKenyaRegistrationSamWorldcoin
ShareTweetShareShare
Previous Post

Midwest emerges as return-to-office champ, soundly beating the West

Next Post

Stocks making the biggest moves after hours: AAPL, AMZN, ABNB, COIN

Related Posts

Bitcoin Path To  Million Clears With OG Sellers Fading: Weisberger

Bitcoin Path To $1 Million Clears With OG Sellers Fading: Weisberger

by Index Investing News
November 12, 2025
0

Former chairman and co-founder of CoinRoutes and now president of BetterTrade.digital Dave Weisberger used a November 11 video to restate...

Decide Orders Detention of ‘Cryptospain’ in 0M Pyramid Scheme Case

Decide Orders Detention of ‘Cryptospain’ in $300M Pyramid Scheme Case

by Index Investing News
November 8, 2025
0

A Spanish Excessive Courtroom choose has ordered cryptocurrency entrepreneur Álvaro Romillo Castillo into provisional detention with out bail over allegations...

FTX Property Drops Movement On Restricted Nation Payouts

FTX Property Drops Movement On Restricted Nation Payouts

by Index Investing News
November 4, 2025
0

The chapter property of the now-defunct crypto change FTX has dropped its bid to restrict payouts to collectors in sure...

OpenSea As soon as Once more Tops The NFT Market Chart In October

OpenSea As soon as Once more Tops The NFT Market Chart In October

by Index Investing News
October 31, 2025
0

The non-fungible token market competitors continues to accentuate in 2025 because the market transitions from its preliminary speculative hype to...

Web3: The Subsequent Chapter for Content material Creators | by SourceLess | Oct, 2025

Web3: The Subsequent Chapter for Content material Creators | by SourceLess | Oct, 2025

by Index Investing News
November 16, 2025
0

Press enter or click on to view picture in full measurementThe Scale of Platforms, the Limits for CreatorsInside one decade,...

Next Post
Stocks making the biggest moves after hours: AAPL, AMZN, ABNB, COIN

Stocks making the biggest moves after hours: AAPL, AMZN, ABNB, COIN

Genmab A/S (GMAB) Q2 2023 Earnings Call Transcript

Genmab A/S (GMAB) Q2 2023 Earnings Call Transcript

RECOMMENDED

India’s success in chess is displaying the trail to Viksit Bharat

India’s success in chess is displaying the trail to Viksit Bharat

October 16, 2024
Just Listed | 475 Seabrook Road

Just Listed | 475 Seabrook Road

December 20, 2023
Galatasaray vs Younger Boys: Preview, predictions, group information

Galatasaray vs Younger Boys: Preview, predictions, group information

August 26, 2024
Signing Day Sports sets IPO price at  per share on NYSE American By Investing.com

Signing Day Sports sets IPO price at $5 per share on NYSE American By Investing.com

November 14, 2023
Silicon Valley Bank Crumbles Like It’s 2008

Silicon Valley Bank Crumbles Like It’s 2008

March 14, 2023
Tyler Herro out for Recreation 4 vs. Celtics, Jimmy Butler intends to play

Tyler Herro out for Recreation 4 vs. Celtics, Jimmy Butler intends to play

May 23, 2022
Links 9/11/2022 | naked capitalism

Links 9/11/2022 | naked capitalism

September 11, 2022
Applying Arnold Kling’s Three Languages of Politics

Applying Arnold Kling’s Three Languages of Politics

November 13, 2023
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In