Worldcoin Collapsing? Two Nations Ban Biometric Crypto Project
The post Worldcoin Collapsing? Two Nations Ban Biometric Crypto Project appeared on BitcoinEthereumNews.com. Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Sam Altman-backed cryptocurrency venture Worldcoin is facing stern legal issues on more than one front. A Kenyan court has ruled that the firm’s business is not legal, a day after Indonesian officials suspended its activities. The one-two regulatory blows have caused Worldcoin’s token value to plummet by more than 5% over the past 24 hours. Kenyan Court: Worldcoin Violated Data Protection Act Justice Aburili Roselyne of the Kenyan High Court made three orders against Worldcoin Foundation on May 5, 2025. The court held that the firm violated Kenya’s Data Protection Act of 2019 when it harvested iris and facial biometric information from citizens. Worldcoin is now ordered to erase all data within seven days. The ground had been giving Kenyans about 7,000 Kenyan shillings in cryptocurrency for their biometric information. This was picked up by the Katiba Institute, a Nairobi-based civil society, which lodged the court case. The consent was not legal since it was elicited through monetary incentives with Worldcoin’s cryptocurrency, said the court in its decision. The Data Protection Commissioner will monitor the process of erasure to confirm compliance. World coin Data Breach: Court orders World coin to delete data collected in Kenya Court says data was collected unlawfully Data commissioner will supervise the deletion of data #CitizenBriefs @jimkario pic.twitter.com/e4TLMumqOY — Citizen TV Kenya (@citizentvkenya) May 5, 2025 Indonesian Authorities Suspend Operations Indonesia’s Ministry of Communications and Digital (Komdigi) suspended Worldcoin’s registration in a further setback to the cryptocurrency venture. As per officials, the firm had been running business through unauthorized legal entities. It was discovered that PT Terang Bulan Abadi, an entity associated with Worldcoin, had been carrying on business in the absence of a valid Electronic System Operator Certificate. Another Indonesian partner,…
The post Worldcoin Collapsing? Two Nations Ban Biometric Crypto Project appeared on BitcoinEthereumNews.com.
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Sam Altman-backed cryptocurrency venture Worldcoin is facing stern legal issues on more than one front. A Kenyan court has ruled that the firm’s business is not legal, a day after Indonesian officials suspended its activities. The one-two regulatory blows have caused Worldcoin’s token value to plummet by more than 5% over the past 24 hours. Kenyan Court: Worldcoin Violated Data Protection Act Justice Aburili Roselyne of the Kenyan High Court made three orders against Worldcoin Foundation on May 5, 2025. The court held that the firm violated Kenya’s Data Protection Act of 2019 when it harvested iris and facial biometric information from citizens. Worldcoin is now ordered to erase all data within seven days. The ground had been giving Kenyans about 7,000 Kenyan shillings in cryptocurrency for their biometric information. This was picked up by the Katiba Institute, a Nairobi-based civil society, which lodged the court case. The consent was not legal since it was elicited through monetary incentives with Worldcoin’s cryptocurrency, said the court in its decision. The Data Protection Commissioner will monitor the process of erasure to confirm compliance. World coin Data Breach: Court orders World coin to delete data collected in Kenya Court says data was collected unlawfully Data commissioner will supervise the deletion of data #CitizenBriefs @jimkario pic.twitter.com/e4TLMumqOY — Citizen TV Kenya (@citizentvkenya) May 5, 2025 Indonesian Authorities Suspend Operations Indonesia’s Ministry of Communications and Digital (Komdigi) suspended Worldcoin’s registration in a further setback to the cryptocurrency venture. As per officials, the firm had been running business through unauthorized legal entities. It was discovered that PT Terang Bulan Abadi, an entity associated with Worldcoin, had been carrying on business in the absence of a valid Electronic System Operator Certificate. Another Indonesian partner,…
What's Your Reaction?
