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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As the regulatory debate continues mainly between government agencies and cryptocurrency protagonists, the Central Bank of Kenya (CBK), through its Governor, Patrick Njoroge joins in the campaign towards slowing down the propagation of Bitcoin and cryptocurrencies. A Recurrent Warning Njoroge told legislators on Thursday that he had sent a circular to all banks warning them
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Space Kenya Networks Limited, a Kenyan web development company, recently announced the launch of its blockchain incubator BitHub. CCN spoke with the director of Space Networks Kenya and founder of BitHub to discuss the crypto- and bitcoin-space in Kenya. In a statement found on the website, BitHub describes its mission as: “Solving problems using innovative […]
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Joe Mucheru, the secretary of Kenya’s Ministry of Information and Communications and Technology (ICT), resigned from the board of BitPesa, Africa’s largest bitcoin trading platform, and started to offload is shares to prevent any conflict of interest, according to technmoran.com, an African news site. While some Africa bitcoin observers might view his departure as another […]
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