1 year, 6 months ago

Kenya panel urges shutdown of Worldcoin's crypto project within country

A Kenyan parliamentary panel called on the country's information technology regulator on Monday to shut down the operations of cryptocurrency project Worldcoin within the country until more stringent regulations are put in place. The regulatory Communications Authority of Kenya should "disable the virtual platforms of Tools for Humanity Corp and Tools for Humanity GmbH Germany including blacklisting the IP addresses of related websites," the ad hoc panel of 18 lawmakers said in a report. It also called for the suspension of the companies' "physical presence in Kenya until there is a legal framework for regulation of virtual assets and virtual services providers." The panel also asked government ministries to develop regulations for crypto assets and firms that provide crypto services and called on the police to investigate Tools for Humanity and take any necessary legal action.

The Hindu
Kenya Tools Panel Worldcoin

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