After a year into the probe of crypto startup Worldcoin, the Directorate of Criminal Investigations(DCI) dropped its investigations.
In a letter sent to the company’s legal team, the sleuths assured that the investigation had been closed with no further policing measures. READ FULL STORY
“Upon review of the file, the Director of Public Prosecutions … directed that the file be closed with no further police action,” the letter addressed to Coulson Harney, a law firm representing Worldcoin on June 14 read.
Worldcoin had been flagged in August last year over concerns surrounding the authenticity and legality of its security, financial services and data protection. According to police, users’ data had been illegally collected and transferred.
Kenya was one of 160 countries chosen in the rolling out of the cryptocurrency’s iris-scanning scheme, which the firm was banking on to create a new identity and build a financial network.
The company, co-founded by OpenAI CEO Sam Altman was rolled out by umbrella company Tools for Humanity and has signed up 5.7 million users worldwide.
According to Thomas Scott, chief legal officer at Tools for Humanity, Worldcoin’s operations in Kenya will hence resume, beginning with the registration of users.
“We are grateful for the DCI’s fair investigation and for the Director of Public Prosecutions’ determination to close the matter,” Scott said.
