Worldcoin Collapsing? Two Nations Ban Biometric Crypto Project

Quick Summary:

The Sam Altman-backed cryptocurrency venture Worldcoin is facing stern legal issues on more than one front.

A Kenyan court has ruled that the firm’s business is not legal, a day after Indonesian officials suspended its activities.

The ground had been giving Kenyans about 7,000 Kenyan shillings in cryptocurrency for their biometric information.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: HungaryIndonesiaKenyaUnited States

Topics: Companies Eye scan Orbs WLD Sam Altman Crypto Worldcoin Iris scan

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-06 @ 15:30:27 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 495 words

Reading Time: 3 minutes read

Sentences: 39 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 28441761

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 11 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #105

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