Kenya is the latest country to investigate the privacy policies of the cryptocurrency Worldcoin. The Central Bank of Kenya has launched an investigation into the digital currency, citing concerns about its lack of transparency and potential for money laundering.

Worldcoin is a decentralized cryptocurrency that was launched in 2014. It is designed to be a secure and private way to send and receive money, with users able to make transactions without revealing their identity or location. However, this lack of transparency has raised concerns among regulators in Kenya, who are worried that the currency could be used for money laundering and other illegal activities.

The Central Bank of Kenya has announced that it will be conducting an investigation into Worldcoin’s privacy policies and its potential for money laundering. The investigation will involve examining the currency’s source code and its internal processes, as well as looking into how it is being used by users. The bank is also looking into the possibility of introducing regulations to ensure that Worldcoin is being used responsibly.

The investigation into Worldcoin’s privacy policies comes at a time when many countries are looking to regulate cryptocurrencies. In recent months, countries such as the United States, Japan, and South Korea have all introduced regulations to ensure that digital currencies are being used responsibly.

It remains to be seen what the outcome of the Central Bank of Kenya’s investigation will be. However, it is clear that the country is taking steps to ensure that digital currencies are being used responsibly and that any potential risks are being addressed. This could be a positive step for the cryptocurrency industry, as it shows that regulators are taking the issue seriously and are willing to take action if necessary.