Sharp Daily
No Result
View All Result
Tuesday, December 23, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Parliamentary committee wants Worldcoin blocked in Kenya until regulations enacted

Brian Murimi by Brian Murimi
October 6, 2023
in News
Reading Time: 2 mins read
FILE PHOTO: Stickers handed out to people who signed up for WorldCoin are seen at a sign-up site in Shoreditch, East London, Britain July 24, 2023. REUTERS/Elizabeth Howcroft/File Photo

FILE PHOTO: Stickers handed out to people who signed up for WorldCoin are seen at a sign-up site in Shoreditch, East London, Britain July 24, 2023. REUTERS/Elizabeth Howcroft/File Photo

RELATEDPOSTS

FILE PHOTO: Stickers handed out to people who signed up for WorldCoin are seen at a sign-up site in Shoreditch, East London, Britain July 24, 2023. REUTERS/Elizabeth Howcroft/File Photo

Kenya drops Worldcoin probe, paving way for crypto project’s return

June 24, 2024
FILE PHOTO: Stickers handed out to people who signed up for WorldCoin are seen at a sign-up site in Shoreditch, East London, Britain July 24, 2023. REUTERS/Elizabeth Howcroft/File Photo

Kenya leads global surge in interest for Worldcoin cryptocurrency

February 23, 2024
A parliamentary committee investigating cryptocurrency Worldcoin’s controversial activities in Kenya is calling for the platform’s immediate suspension in the country until regulations are in place.

In a report released on September 30, the committee made 11 recommendations to curb the virtual asset provider’s unchecked operations. These include blocking its websites, barring its physical presence, investigating its local partners, and developing a regulatory framework within months.

“Within seven (7) days of the adoption of this report, the Communications Authority to disable the virtual platforms of M/s Tools for Humanity Corp and M/s Tools for Humanity GmbH, Germany (Worldcoin), including blacklisting the IP addresses of related websites and to suspends their physical presence in Kenya until there is a legal framework for regulation of virtual assets and virtual asset service providers,” the report stated.

The committee said relevant agencies should “develop a comprehensive oversight framework and policies on virtual assets and virtual assets service providers in Kenya, within six (6) months of the adoption of this report.”

Read more: Kenya Power sets 90-day target to connect 320,000 customers

It also recommended authorities “conduct investigations into the operations of M/s Tools for Humanity Corp and M/s Tools for Humanity GmbH, Germany (Worldcoin) in Kenya and take the requisite legal action” within three months.

Additionally, the report called for probing “the activities of the local partners of M/s Tools for Humanity Corp and M/s Tools for Humanity GmbH, Germany (Worldcoin) in Kenya to establish culpability of persons including Sense Marketing Limited, involved in aiding and abetting their criminal activities.”

Worldcoin, launched in 2021, then came under parliamentary scrutiny after hosting a mass iris scan data collection event in Nairobi. Hundreds of thousands of Kenyans underwent scans as part of the cryptocurrency’s “public goods project” exercise.

The committee said this unregulated data harvesting by a foreign entity posed serious privacy and security risks for citizens. It recommended urgent actions to curb Worldcoin’s activities until oversight is instituted over virtual asset providers.

Email your news TIPS to editor@thesharpdaily.com

Previous Post

Kenya Power sets 90-day target to connect 320,000 customers

Next Post

Cabinet reverses Telkom Kenya takeover in governance overhaul

Brian Murimi

Brian Murimi

Brian Murimi is a journalist with major interests in covering tech, corporates, startups and business news. When he's not writing, you can find him gaming, watching football or sipping a nice cup of tea. Send tips via bireri@thesharpdaily.com

Related Posts

Economy

Government approves 5 trillion infrastructure fund and new sovereign wealth Fund

December 23, 2025
News

The key difference between commercial banks and investment banks

December 23, 2025
News

The price of financial illiteracy

December 23, 2025
Analysis

EABL corporate bond issuance

December 23, 2025
News

Ketraco’s Sh10bn pay halted: a power grid, public funds, and a deal that may never have existed.

December 23, 2025
CMA licenses Safaricom & Airtel Money as ISPPs
Business

CMA licenses Safaricom and Airtel Money as intermediary service platform providers in Kenya

December 23, 2025

LATEST STORIES

Government approves 5 trillion infrastructure fund and new sovereign wealth Fund

December 23, 2025

The key difference between commercial banks and investment banks

December 23, 2025

The price of financial illiteracy

December 23, 2025

Why Some Investors Are Paying to Lose: The Rise of Tax-Driven Investing

December 23, 2025

EABL corporate bond issuance

December 23, 2025

Ketraco’s Sh10bn pay halted: a power grid, public funds, and a deal that may never have existed.

December 23, 2025
CMA licenses Safaricom & Airtel Money as ISPPs

CMA licenses Safaricom and Airtel Money as intermediary service platform providers in Kenya

December 23, 2025

Banks expect private sector credit to pick up by year end

December 22, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024