In a conflicting statement, a Worldcoin representative debunked the news, saying no executives were detained in Kenya.
The eVerify service will be used in the education, health care, production, and legal sectors of the country.
Kithure said that if the money in crypto trading cannot be traced until it enters a financial institution, he would hesitate to permit its use.
The Kenyan government passed the Digital Assets Tax into law, mandating crypto users to pay a 3% tax anytime they exchange an asset.
Worldcoin CEO appeared before the Kenyan Parliament to defend the company’s operations and here are key insights from the session.
The committee also summoned the CBK governor to explain why the Bank failed to detect the Worldcoin token payments made to Kenyans via M-Pesa.
Numerous companies offering crypto products in Cameroon follow the Ponzi scheme patterns, resulting in losses, the study reads.