Ethereum News Daily TheBitTimes.com

Worldcoin project has remained controversial right from its announcement and currently facing regulatory trouble in multiple jurisdictions that it has launched. The iris scanning crypto project Worldcoin has now made it possible for even unverified customers to reserve their Worldcoin tokens (WLD). In an announcement on Aug. 11, the Worldcoi n project noted that the World app now offers a reservation s feature to make it easier for everyone to reserve their WLD tokens before verifying their World ID. The reservation will be valid for 12 months and users can redeem their reserved world tokens by visiting the iris scanning device called Orb. World App with reservation feature. Source: Worldcoin The Worldcoin project consists of three key elements: the Worldcoin ID, the Worldcoin App and the Worldcoin token (WLD). Users who are willing to scan their iris to create a biometric data-based ID system are rewarded with native WLD tokens. The iris scanning device is called Orb. The global d...

Following the U.K. and France, Kenya has also taken a closer look at Sam Altman’s Worldcoin project. Earlier today, Kenya’s interior ministry declared the suspension of the cryptocurrency project’s local activities. This measure aims to facilitate the evaluation of potential risks to public safety associated with the project by government agencies. Interior minister Kithure Kindiki stated, “Relevant security, financial services, and data protection agencies have commenced inquiries and investigations to establish the authenticity and legality of the aforesaid activities.” Also Read: French Regulator Questions Worldcoin ’s Iris Scanning Procedure Analyzing Worldcoin’s Popularity in Kenya Worldcoin has already gained traction in Kenya. The iris scanning initiative attracted a considerable crowd, with over 350,000 Kenyans registering for the project. In exchange for participation, they received free cryptocurrency tokens valued at appro...