Tag: CBK

Parliamentary Directive: BAK’s Unprecedented Role in Crypto Bill Creation

Blockchain Association of Kenya received a two-month timeframe to draft a robust and standard crypto bill. The crypto bill will become the Virtual...

Renewed hope for crypto regulation in Kenya

Crypto adoption and usage have remained on the rise as Kenyan investors explore new ways to preserve their wealth and carry out international transactions for individual remittances and commercial purposes, including importing goods. Crypto experts have touted the payment of imports through digital currency as quick and convenient. People do not have to buy dollars using Kenya shilling or transfer money to cash transfer firms. Nevertheless, Kenyans, mainly the youth, have previously lost their hard-earned millions in crypto scams due to a lack of regulation in the sector.

Kenya Central Bank Governor rejects bitcoin as country’s reserve currency

Njoroge remarked that those suggesting the country should hold reserves in Bitcoin should not expect to see it happen under his watch Central...
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