Nairobi News


CBK: We never issued any license to Worldcoin to operate in Kenya

By Nyaboga Kiage September 6th, 2023 1 min read

The Central Bank of Kenya (CBK) now says that it never issued any license to Worldcoin to operate in Kenya.

CBK Governor Dr Kamau Thugge said that they were not aware that Worldcoin was operational in the country and they were not in a position to tell how much was transacted by the organisation.

“We are not aware of this because it takes place within the banking system and not with the CBK,” he said.

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Dr Thugge was responding to a question by Kisumu East Member of Parliament Shakeel Shabbir who alleged that two Kenyans bought shares in US dollars’ worth Sh1.4 billion ($10 million) each from Worldcoin.

Already, the Director of Criminal Investigations (DCI) Mohamed Amin said that they are investigating a number of officials at the Data Protection Office in the country.

This comes at a time when Mr Alex Blania, the co-founder of Worldcoin, is scheduled to visit a number of African countries including Kenya, where he will speak about the project which was declared illegal in the country.

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“The Worldcoin launch brought rapid global attention to the challenge of proving personhood in a world with advanced AI and an estimated 4 billion people lacking a legal, digitally-verifiable identity,” Worldcoin said in a statement on Monday

It further said the teams and companies contributing to Worldcoin are planning to hit the road and meet with regulators, researchers, developers, and other members of the growing international community.

“These meetings are designed to help answer questions, demystify the project, and provide onramps for greater participation in the global economy while preserving individual privacy,” Worldcoin said.

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