Dennis Itumbi Speaks on Return of Worldcoin to Kenya

Kenya Kwanza chief social media activist Dennis Itumbi says he will pursue the return of the worldcoin to Kenya. 

He mentioned that he would put to use all the powers at his disposal to have the iris biometric cryptocurrency allowed in the country after it was banned. 

According to Itumbi, the value of the worldcoin against the Kenyan shilling had appreciated over time, suggesting that it would be instrumental for the Kenyan youths to make money.

"I hold that worldcoin should come back to Kenya. I am going to put up a fight in all the relevant tables to ensure it comes back. When it was here before it was banned it was only Sh 7, today it is Sh 48, in a year or so I foresee it going to around Sh 1,000 or Sh 2,000 and in seven years from now, you will remember that it was Sh 7, and then Sh 1 million at that time," he stated. 

Worldcoin was banned in Kenya in August 2023.

Interior Cabinet Secretary Kithure Kindiki said the government took the decision to allow relevant government agencies to ascertain the risks, legality, and authenticity of the said activities of the Worldcoin.

"The Government has suspended forthwith the activities of Worldcoin and any other entity that may be similarly engaging the people of Kenya until public agencies certify the absence of any risks to the general public whatsoever," CS Kindiki said at the time of banning it.

Kindiki revealed the government was undertaking a probe into the crypto's activities in Kenya.

"The agencies commenced inquiries and investigations to establish the authenticity and legality of the aforesaid activities, the safety and protection of the data being harvested, and how harvesters intend to use the data," the CS said.

Kidniki said they will also be seeking to get assurance of public safety and integrity of public safety and integrity of the financial transactions involving such a large number of citizens to be satisfactorily provided upfront.

"Appropriate action will be taken on any natural or juristic person who furthers, aids, abets or otherwise engages in or is connected with the activities afore-described," Kindiki said.

The suspension came after over 350,000 people had their eyeballs scanned in Kenya.