Kenya suspends crypto project Worldcoin over safety concerns

NAIROBI (Reuters) -Kenya's interior ministry said on Wednesday that it had suspended the local activities of cryptocurrency project Worldcoin while government agencies assess potential risks to public safety. The project founded by OpenAI CEO Sam Altman launched last week. It requires users to give their iris scans in exchange for a digital ID, and in some countries users also get free cryptocurrency as part of plans to create a new "identity and financial network".

• 2023-08-02
• local activities Kenya Sam Altman interior ministry Worldcoin cryptocurrency

Crypto Fugitive Do Kwon Is Arrested in Montenegro and Charged With Fraud in US

(Bloomberg) -- Terraform Labs co-founder Do Kwon, who presided over a more than $40 billion cryptocurrency implosion last year, was arrested in Montenegro and charged with fraud by US prosecutors.Most Read from BloombergJack Dorsey’s Block Vows to Fight Back After Hindenburg Says It’s Short the StockShort Seller Hindenburg Says ‘Another Big One’ Coming SoonUS Fears a War-Weary World May Embrace China’s Ukraine Peace BidJPMorgan Sold $10 Million in Jewels Left in Bank Safe Deposit Box, Suit Claim

• 2023-03-24
• US Securities and Exchange Commission Bloomberg Terraform Labs Do Kwon Interior Ministry South Korean prosecutors South Korea