The National Computer Cybercrimes Coordinating Committee (NC4) has warned that the activities of cryptocurrency Worldcoin could impact negatively on the economy and national security. The mining of sensitive data from Kenyans by Worldcoin was spearheaded by Ms Wangechi Mwangi and Ms Rael Mwende, both of whom are Kenyans. He noted that Worldcoin could affect monetary policy and control, compromise cybersecurity of critical national infrastructure and privacy and security, enhance cybercrime fraud and scams and terrorism financing among others. The Worldcoin project, founded by OpenAI CEO Sam Altman, launched its operations in the country from as early as April 2022. About Sh7,000 in cryptocurrency was being paid to every Kenyan who subjected their irises to scans.

Source: Daily Nation August 30, 2023 15:34 UTC