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Worldcoin Token Rises 12% After Ecuador Expands, Kenya Investigation Closes
Worldcoin’s WLD token jumped more than 12% to over $3 last day after the project scored significant wins in several jurisdictions.
Worldcoin is a personality-proof crypto project that he took on examination and controversy around the world since its launch thanks to the collection of facial data. These challenges have had a significant impact on the WLD token, which is down more than 70% from March’s all-time high of $11.
However, this week the project recorded crucial milestones for its operations, prompting a recovery in the asset’s value.
Kenya abandons Worldcoin probe
Worldcoin told CryptoSlate that Kenya has ceased its investigation into the project.
In an emailed statement, a Worldcoin spokesperson confirmed that Kenya’s Director of Criminal Investigations (DCI) has closed its investigation into the project’s alleged data collection violations. Thomas Scott, chief legal officer at Tools for Humanity, said:
“We are grateful for the DCI’s impartial investigation and the Director of Public Prosecutions’ determination to close the matter. This welcome result, however, does not represent the end but the beginning. We will continue to work with the Government of Kenya and others and hope to resume ID registration across the country soon.”
This news would be a welcome development for a recent project he agreed to stop its Spanish operations until the end of the year or until the Bavarian Data Protection Authority (BayLDA) makes a final decision regarding the investigation into the company’s data processing practices.
Expansion of Ecuador
Worldcoin on June 19th announced the imminent availability of its global identity verification spheres in six locations in the two Ecuadorian cities of Guayaquil and Quito.
The spheres will begin operating on June 26 in Guayaquil and June 27 in Quito. Starting June 24, Ecuadorians can locate the sphere sites via the Worldcoin website and app.
This expansion is in line with growing global support for humanity-proofing initiatives. According to Worldcoin, a staggering 92% of a recent online survey conducted in Ecuador showed that they support technology-based solutions to differentiate humans from robots online.
The same trend has been observed in other countries, such as Peru and Colombia, where respondents fear that robots could “lead to even greater levels of fraud and disinformation.”