Report: Worldcoin Set to Resume Kenyan Operations in Early 2024 According to a recent report, Worldcoin representatives have potentially secured an agreement with Kenyan authorities, paving the way for the iris biometric cryptocurrency project to resume operations under
new guidelines. This development is expected to take place in early 2024.
The news comes after Kenyan regulators suspended Worldcoin's distribution of WLD tokens to users who consented to have their eyeballs scanned. This move was prompted by concerns that Worldcoin lacked the necessary license to operate in the East African country.
Following the suspension, Worldcoin representatives engaged with Kenyan authorities and even appeared before the country’s legislative body. Recent reports suggest that Worldcoin may have addressed the initial regulatory concerns, signaling a potential breakthrough.
"Worldcoin is working directly with regulators to meet Kenya’s requirements, particularly as the Assembly considers new regulations. Stipends will remain and will expand to locations across the country," an unnamed source revealed.
However, the report did not specify the timeline for the Kenyan parliament's expected passage of new data regulations that would provide guidance for entities like Worldcoin.
In conclusion, the potential resumption of Worldcoin's operations in Kenya is an intriguing development that could have a significant impact on the cryptocurrency landscape in the region. The collaboration between Worldcoin and Kenyan authorities reflects a willingness to address regulatory concerns and work towards a mutually beneficial framework. As we await further updates, the prospect of Worldcoin expanding its presence across Kenya is undoubtedly an exciting prospect for both the project and the local cryptocurrency community.
