Worldcoin can damage economy and amplify fraud, Kenya MPs hear
Sam Altman’s controversial cryptocurrency Worldcoin could affect Kenya ’s monetary policy, the country’s cybersecurity, and increase fraud and scams within the country, the National Computer Cybercrimes Coordinating Committee (NC4) told MPs in parliament yesterday. Fifteen MPs currently make up a committee that’s been established to investigate the ChatGPT founder’s eyeball-scanning crypto project, following its controversial rollout within the country. NC4 director Colonel James Kimuyu told Kenya MPs about the potential impacts Worldcoin could have on the country as part of government scrutiny of the iris-focused cryptocurrency. “National security concerns surrounding a global digital currency like Worldcoin can be significant due to its potential impact on a country’s economic, financial sovereignty,” Kimuyu said (via Nation). “The legality of Worldcoin data collection is under scrutiny.” Alleged Worldcoin whistleblower steps forward, says the...