Jump to
Main Blog Regulation Regulators are against Worldcoin

Regulators are against Worldcoin

On August 5, according to Coindesk, local news revealed that law enforcement in Nairobi, Kenya, searched the warehouse belonging to the recently launched Worldcoin project. The police seized equipment believed to store user data. If you missed the Worldcoin launch, read the overview in our article

Who's against

A few days earlier, on August 2, the Interior Ministry of Kenya decided to suspend Worldcoin’s operations "until relevant public agencies certify the absence of any risks to the general public whatsoever".

Reports from Reuters claim that Worldcoin has been targeted by law enforcement not only in Kenya. Regulatory bodies in several other countries are also interested in the project’s activities, including:

🇫🇷 France

🇬🇧 UK

🇩🇪 Germany

What's wrong

Common to all the regulatory statements is a concern over the collection of biometric data and the handling of storing and processing it. However, Worldcoin itself has repeatedly noted that it deletes all data after iris scans. Moreover, the company said it is willing to work with other organizations and governments to establish digital identity infrastructure.


Worldcoin goes on

Despite the regulatory pressure, Worldcoin’s allure is still growing. On August 6, the project reported a "2X growth in weekly World ID sign-ups".

In addition, on August 3, Certik, a company that audits crypto projects, tweeted that Worldcoin had patched a vulnerability. This flaw could have potentially allowed attackers to become Orb device operators without undergoing the necessary verification process.


Also read: What’s the fuss about Worldcoin

Maria Kachura
Maria Kachura

Visit her on Facebook or hit her up via Email.

Share this post
Similar articles
20 June, 2022
NFT NYC 2022!🌐🦄
NFT NYC 2022.
8 June, 2022
AIBC Americas 2022
AIBC Americas 2022.
9 June, 2022
Blockchain Economy Istabbul Summit 2022
Blockchain Economy Istanbul Summit.
24 June, 2022
ETH NEW YORK 2022 🌐🦄
11 June, 2022
ETHPrague 2022
ETHPrague 2022.
27 June, 2022
European Blockchain Convention 2022🌐🦄
European Blockchain Convention 2022.