Kenyan Government to Use Blockchain to Distribute Affordable Housing

The Kenyan government plans to leverage blockchain technology for the distribution of new government-funded housing units, according to reports from local news outlet the Star. The Kenyan National Housing Fund will finance the initiative under the Finance Act 2018, and it plans to create an efficient allocation of the houses to those who need it

The post Kenyan Government to Use Blockchain to Distribute Affordable Housing appeared first on CCN

Kenya’s Blockchain Task Force Advises Gov’t to Replace Cash With Digital Currency

The chairman of the Distributed Ledgers and Artificial Intelligence taskforce, Bitange Ndemo has advised the Kenyan government to tokenize its economy in order to deal with the increasing issues of corruption and uncertainty. Ndemo made known his opinion during a meeting between the Kenyan ICT ministry stakeholders and members of the private sector. He noted

The post Kenya’s Blockchain Task Force Advises Gov’t to Replace Cash With Digital Currency appeared first on CCN

Kenya’s Electoral Commission to Adopt Blockchain for Enhanced Vote Integrity

The Independent Electoral and Boundaries Commission of Kenya (IEBC) has announced plans to utilize blockchain technology to offer real-time polling results and thus improve vote integrity and trust in the voting process. Speaking in a statement, IEBC chairperson Wafula Chebukati said that the technology will be used to give presidential candidates secure access to live

The post Kenya’s Electoral Commission to Adopt Blockchain for Enhanced Vote Integrity appeared first on CCN

African Cryptocurrency Firms Raise Capital Despite Regulatory Hurdles

African blockchain and crypto businesses have been raising funding despite regulatory issues in some markets. A new report by Weetracker highlights that most of the capital raises and moves towards ICOs have predominantly been in South Africa, Kenya and Zimbabwe. The report looks at the first quarter 2018 activity across the continent. It also notes

The post African Cryptocurrency Firms Raise Capital Despite Regulatory Hurdles appeared first on CCN

Is Bitcoin Legal Tender? Kenya’s Parliament Gives Treasury 2 Weeks to Decide

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

The post Is Bitcoin Legal Tender? Kenya’s Parliament Gives Treasury 2 Weeks to Decide appeared first on CCN

Zimbabwe’s Biggest Crypto Exchange Golix Moves Closer to $32 Million ICO Launch

Zimbabwe cryptocurrency exchange platform, Golix, is now proceeding ahead with its planned token sale to raise $32 million and has expanded to Kenya and Uganda with effect from the beginning of this month. Golix’s Initial Coin Offering had been disrupted after the Reserve Bank of Zimbabwe banned banks from processing cryptocurrency transactions in the country.

The post Zimbabwe’s Biggest Crypto Exchange Golix Moves Closer to $32 Million ICO Launch appeared first on CCN

Kenya’s Regulators Propose Special Unit For ‘Handling Issues’ on ICOs, Cryptocurrency

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

The post Kenya’s Regulators Propose Special Unit For ‘Handling Issues’ on ICOs, Cryptocurrency appeared first on CCN

Kenya’s Central Bank Warns Against Cryptocurrency

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

The post Kenya’s Central Bank Warns Against Cryptocurrency appeared first on CCN