Africa Crypto Week Summary: Kenyan Judiciary Directs Worldcoin to Erase Biometric Information, CBEX Aims for Relaunch, Nigerian Fintech Integrates Zone Blockchain

Africa crypto update: Kenyan court mandates Worldcoin to erase biometric data, CBEX aims to restart amid scam worries, Nigerian fintech collaborates with Zone distributed record for expedited payments.

The Worldcoin initiative is encountering legal obstacles in Kenya after a court mandated the removal of biometric data gathered from users. Simultaneously, the contentious digital currency trading protocol CBEX is attempting to relaunch, attracting increased scrutiny following its recent troubles. In Nigeria, the Zone distributed ledger has teamed up with two fintech firms to boost payment efficiency.

Let’s delve into these stories emerging from the continent this week:

Kenyan Crypto Update: Worldcoin Required to Erase Biometric Data

A Kenyan court has instructed Worldcoin, initiated by Sam Altman, to eliminate biometric user data collected from the populace.

This ruling follows several months of governmental examination concerning Worldcoin’s operations in the nation. The protocol attracted attention for its controversial orb, where users scanned their retinas to gain access in return for complimentary digital currency.

Judge Rose Aburili ruled on Monday that this data acquisition was unlawful and breached Kenyan data protection statutes. The court established that presenting free crypto amounted to inducement, compromising informed consent.

Worldcoin has one week to erase the acquired data under the oversight of the authorities. This obstacle complicates Worldcoin’s functionalities in Kenya, and analysts are observing its repercussions on WLD closely. Supporters assert that the crypto token is one of the top cryptos to purchase in Q2 2025.

(WLDUSDT)

DISCOVER: Top 20 Cryptocurrencies to Acquire in May 2025

Africa Crypto Update: CBEX Tries to Restart

The contentious crypto trading network CBEX is attempting a restart to regain trust from investors. The platform declared new withdrawal alternatives after a tumultuous month during which its activities were under scrutiny amid concerns of a scam.

Nigerian officials have indicted eight individuals, including four from Kenya, believed to be linked to the operation.

CBEX is now striving to alleviate fears about a possible failure. For several weeks, users were unable to withdraw funds, intensifying debate about its business model.

Nevertheless, the new strategy is controversial. It necessitates that users with over $1,000 on the network pay a fee of $100 to withdraw up to 50% of their initial investments.

CBEX Crashed?

Someone has $89,000 tied up in the protocol and has been inconsolable since.

Despite this unfortunate occurrence and setback for CBEX users, this was CBEX’s office in Ikeja this afternoon.

To realize we have this number of gullible individuals in my country is… pic.twitter.com/DP0P0abyn0

— ABODE (@iamAbode) April 11, 2025

Mandating users to pay to retrieve their funds intensifies suspicion towards a company already facing scrutiny for its excessively generous claims.

This attempted restart will probably fail to rehabilitate its image as authorities continue their investigation into its operations.

Nigerian Crypto Update: Accelerex and ITEX Join Zone Distributed database

Nigerian fintech firms Accelerex and ITEX have joined the regulated Zone blockchain.

This collaboration will utilize Zone’s robust framework to prevent transaction failures and optimize payments. Portions of these funds are directed towards some of the most promising presales in 2025.

Accelerex and ITEX, Nigeria’s foremost PTSPS, have joined the Zone Payment Protocol! The future of payments is upon us. #WeAreZone #ConnectToTheFuture pic.twitter.com/99ctcVEb1k

— Zone (@zonenetworkhq) May 5, 2025

Accelerex and ITEX offer terminals throughout Nigeria for prompt cash withdrawals via debit cards or mobile transfers.

Executing transactions on-chain diminishes reliance on third-party processors, thus cutting operational expenses. This proficiency aligns with these fintech companies’ business models, which emphasize user convenience.

DISCOVER: 17 Next Cryptos Set to Explode in 2025: Expert Digital currency Predictions & Analysis

The post Africa Crypto Week in Review: Kenyan Court Orders Worldcoin to Erase Biometric Data, CBEX Plans Restart, Nigerian Fintech Partners with Zone Distributed database appeared first on 99Bitcoins.