Kenyan MPs have given the Treasury secretary a two-week deadline by which he must decide the fate of bitcoin and other cryptocurrencies, specifically regarding their status as legal tender in the nation of 48 million people. The deadline follows a warning issued in April by the Central Bank of Kenya (CBK). The Finance and National Planning
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The Capital Markets Authority (CMA) in Nairobi, Kenya, has proposed the creation of a special unit to handle cryptocurrency related issues. The unit would include all relevant regulators such as itself and Central Bank of Kenya (CBK), according to Standard Digital. The proposal is included in the Capital Market Soundness Report, “Staying the course in
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It appears that the Central Bank of Kenya considers bitcoin, and cryptocurrencies in general, to be a threat, and has issued a statement discouraging the use of bitcoin in Kenya. Their justification for this stance is their assumption that the unregulated nature of the Bitcoin protocol encourages its use for terrorism and money laundering, even […]
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