The Worldcoin cryptocurrency project has run into another roadblock, this time in Kenya where the government has formed a 15-member parliamentary committee to investigate the controversial asset.
The Kenyan government formed a 15-member parliamentary committee headed by Narok West MP Gabriel Tongoyo to look into the controversial crypto project, reported a local daily. The parliamentary committee has 42 days to investigate the project and submit its report to the House committee.
Cointelegraph reached out to the MP to get some insights into their concerns and case against Worldcoin but didn’t get a response by publishing time.
The parliamentary investigation into the crypto project comes nearly three weeks after Kenya suspended Worldcoin’s operations after the project failed to comply with government orders to stop scanning users’ iris.
The Interior Cabinet Secretary Kindiki Kithure who has played a key role in suspending Worldcoin operations told the House committee that the government is concerned by Worldcoin’s activities registrating citizens and collecting eyeball/iris data, all of which he claims pose serious security risks.
Apart from the parliamentary committee, the Worldcoin project has faced an all-out rejection from the various regulatory bodies in Kenya. The court also suspended Worldcoin’s activities after a case filed by the office of the data commissioner. The court ordered that the data already collected by Worldcoin between April last year and August 2023 must be preserved pending completion of the lawsuit.
Worldcoin, a digital ID-focused crypto project that offers its native cryptocurrency WLD coin for scanning the iris of users, launched amid controversies and hype. The project onboarded nearly 2 million users during its trial phase. However, as the project launched for the public in more than a dozen countries, various reports of the project’s controversial tactics surfaced, prompting governments in Nigeria, the UK, Argentina, Germany and Kenya to investigate the project.
A Labour MP has said he “deeply regrets” comments made on a WhatsApp group – a day after health minister Andrew Gwynne was sacked for leaked racist and sexist remarks posted on the same chat.
Burnley MP Oliver Ryan is being investigated by the Labour Party over comments which a government source said were “unacceptable and deeply disappointing”.
The source told the Press Association: “While a Labour Party investigation is already under way, the chief whip will also be speaking to him and no action is off the table.”
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In a statement on X, Mr Ryan apologised for remarks he made which he “would not make today”, and said he would “cooperate fully” with the investigation.
He said that between 2019 and early 2022, he was a member of a WhatsApp group “created by my MP and former employer, Andrew Gwynne”.
Mr Ryan said: “Some of the comments made in that group were completely unacceptable, and I fully condemn them.”
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He also said he regretted “not speaking out at the time”, and he recognised that “failing to do so was wrong”.
“I did not see every message, but I accept responsibility for not being more proactive in challenging what was said,” he added.
He reportedly made antisemitic comments and “joked” about a pensioner constituent, saying he hoped she died before the next election, according to the Mail on Sunday.
Meanwhile, a senior official said Labour will punish any other MP or minister caught up in the scandal.
“I don’t know, personally, what other people on that WhatsApp conversation have said… I’ve being very clear, there’s an investigation taking place into the whole incident.
“What the public can take from the way the prime minister has acted decisively in this case to dismiss Andrew Gwynne is that if any other Labour MP or minister falls short he will act to uphold the highest standards in public office.”
US states are introducing Bitcoin reserve bills, fueling speculation about a global accumulation race as institutions and governments adopt BTC as a reserve asset.