The government through Cabinet Secretary for Interior and National Government Prof. Kithure Kindiki has suspended operations of cryptocurrency company, World Coin.
The company has had a recruitment at the KICC Ground this week with the move eliciting debate in parliament where both set of parliament called out for investigation.
In a rejoinder on Wednesday, Interior Cabinet Secretary Kithure Kindiki said they have halted activities of “World Coin” and warned against similar operations even as the government commences investigations on the same despite his ICT counterpart Eliud Owalo stating that the company didn’t break any law with their operation.
“Relevant security, financial services and data protection agencies have commenced inquiries and investigations to establish authenticity and legality of the aforesaid activities,”Kindiki said.
This comes amid public uproar over breach of citizens data safety concerns. Questions merged over the mandate of the Office of Data Protection Commission (ODPC) to protect Kenyans’ private information.
The recruitment has seen people flock at Kenyatta International Convention Centre since Sunday, seeking to benefit from a token the company offers upon registration.
On July 28, the Office of Data Protection Commission called for heightened vigilance from the members of the public as they verified activities of World Coin, engaged in Iris data identification process.
