{"id":12704,"date":"2023-08-02T16:31:58","date_gmt":"2023-08-02T16:31:58","guid":{"rendered":"https:\/\/cryptoheretostay.com\/?p=12704"},"modified":"2023-08-02T16:31:59","modified_gmt":"2023-08-02T16:31:59","slug":"worldcoin-wld-token-jumps-nearly-5-despite-kenyan-government-suspension","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=12704","title":{"rendered":"Worldcoin WLD token jumps nearly 5% despite Kenyan government suspension"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<\/p>\n<p>The Kenyan Government has suspended the activity of Worldcoin, the recently launched digital identity crypto project, according to an Aug. 2 statement shared by Kenya&#8217;s Ministry of the Interior on its official Facebook page.<\/p>\n<p>Kenya&#8217;s Capital Markets Authority further warned that Worldcoin&#8217;s products, including its WLD tokens and their derivatives, were not investment products recognized by local laws in a separate cautionary statement about the crypto project.<\/p>\n<p>Information on Twitter showed that Kenyans were widely registering with the project due to the financial incentives attached. According to local reports, Worldcoin&#8217;s free WLD tokens were worth about KSH 7,000 (around $54), a significant amount for many Kenyans.<\/p>\n<p>Despite news of its suspension, <em>CryptoSlate&#8217;s<\/em> data shows that the WLD token rose by roughly\u00a0 5% in the last 24 hours to $2.408 as of press time.<\/p>\n<h2>Kenya suspended\u00a0Worldcoin because of privacy concerns<\/h2>\n<p>The Kenyan Ministry said the government was concerned about Worldcoin activities within its territory as it involved &#8220;the registration of citizens through collection of eyeball\/iris data.&#8221;<\/p>\n<p>It continued that several federal bodies, including data protection agencies, were investigating the &#8220;authenticity and legality&#8221; of these Worldcoin activities concerning how it intends to use the collected data.<\/p>\n<p>Consequently, the Kenyan government &#8220;SUSPENDED forthwith, activities of &#8216;WORLD COIN&#8217; and any other entity that may be similarly engaging the people of Kenya until relevant public agencies certify the absence of any risks to the general public whatsoever.&#8221;<\/p>\n<p>Meanwhile, the Kenyan government warned that it would take action against any individual who further abets the operation of the Sam Altman-backed project within the country.<\/p>\n<h2>Scrutiny across multiple jurisdictions<\/h2>\n<p>Several privacy regulators in the U.K., France, and Germany have launched separate investigations into Worldcoin over collecting biometric data to verify identities.<\/p>\n<p>Germany&#8217;s top privacy regulator has investigated the firm&#8217;s data collection practices since November 2022.<\/p>\n<p>However, Worldcoin Foundation previously told <em>CryptoSlate<\/em> that it complies with all laws and regulations governing the processing of personal data in the markets where its Worldcoin was available.<\/p>\n<p>The post Worldcoin WLD token jumps nearly 5% despite Kenyan government suspension appeared first on CryptoSlate.<\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cryptoslate.com\/worldcoin-wld-token-jump-nearly-5-despite-kenyan-governments-suspension\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Kenyan Government has suspended the activity of Worldcoin, the recently launched digital identity crypto project, according to an Aug. 2 statement shared by Kenya&#8217;s Ministry of the Interior on its official Facebook page. Kenya&#8217;s Capital Markets Authority further warned that Worldcoin&#8217;s products, including its WLD tokens and their derivatives, were not investment products recognized [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12705,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[3],"tags":[],"class_list":["post-12704","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/12704","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12704"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/12704\/revisions"}],"predecessor-version":[{"id":12706,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/12704\/revisions\/12706"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/12705"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}