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Report: Kenya Central Bank Governor Reiterates His Opposition to Cryptocurrencies
25.3.2022
The Kenyan central bank governor has once again told Kenyans to be wary of the risks that are associated with cryptocurrency transactions and trading. The governor also warned financial institutions supporting cryptocurrency transactions that they risk losing their licenses. Crypto Trading...
Kenyans Lose Millions of Dollars to yet Another Cryptocurrency Scam: Bitstream Circle
20.3.2022
The masterminds behind the alleged cryptocurrency Ponzi scheme called Bitstream Circle are believed to have stolen more than $10 million in investor funds. The alleged theft became apparent on March 13, 2022, when some of the scheme’s investors encountered problems making withdrawals....
Kenyans Lost $120 Million to Cryptocurrency Scams in the Past Financial Year — Government Official
17.3.2022
Kenyans are believed to have lost as much as $120 million to cryptocurrency scammers in the last financial year, a government official has said. The official, however, suggested the number of Kenyans losing funds this way can be reduced if the media helps by disseminating the right information....
Kenyan Central Bank Document Discusses Benefits and Risks Posed by CBDC — Public Asked to Comment
12.2.2022
Kenya’s central bank has acknowledged in a recently released document that a central bank digital currency could potentially benefit the country’s financial system. The bank, however, warned that rolling out a CBDC could also pose risks to the same. CBDC’s Impact on Financial...
Crypto Bank Avanti Steps Closer to Fed, 2021 Total Crypto M&A Value Up 4,846%, New Hampshire Crypto Commission, Sport Deals With Tezos and Terra + More News
10.2.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Crypto Bank Avanti Steps Closer to Fed, 2021 Total Crypto M&A Value Up 4,846%, New Hampshire Crypto Commission, Sport...
Central Bank of Kenya seeks public input on potential CBDC
10.2.2022
“A key opportunity where CBK sees potential value is the use of CBDC in facilitating cross-border transactions," the announcement reads
Central Bank Governor Says Kenya’s Position on Cryptocurrencies Has Not Changed
30.1.2022
Kenya’s position on cryptocurrencies is still unchanged the governor of the Central Bank of Kenya (CBK), Patrick Njoroge has said. Njoroge latest remarks come as Kenya continues to cement its position as one of the countries on the African continent that has the highest adoption...
HotForex Granted License by the Capital Market Authority (CMA) of Kenya
25.1.2022
The Capital Market Authority, CMA, of Kenya has granted the license to HotForex. This is an addition to the list of regulators who have already approved the functioning of HotForex in their respective countries. HotForex’s approval by the Capital Market Authority of Kenya further strengthens...
NFTs and DeFi overturn a banker's generational curse of poverty in 2 years
22.1.2022
"When I started, I almost gave up multiple times. I just want to help others have a more streamlined way to get into crypto," said Brenda Gentry, a former USAA mortgage underwriter
Report: Kenya Set to Scale Up Adoption of Cryptocurrencies in 2022
10.1.2022
In his Africa crypto market predictions for 2022, Marius Reitz, the general manager for Luno in Africa, has predicted that Kenya will scale up the adoption of cryptocurrencies. To support this assertion, Reitz points to Kenya’s as position as the leader in the world’s peer-to-peer...
Kenyan Businessman Accused of Defrauding Investors of More Than $140 Million
19.12.2021
Businessman and owner of a Kenyan football club, Ricardo Badoer, has been accused of fleecing more than $140 million from investors via his Aidos Kuneen cryptocurrency. Threats Against Investors According to a local report, Kenyan businessman Ricardo Badoer is being accused of defrauding investors...
Kenya Based Fintech Kwara Raises $4 Million in Seed Round
13.12.2021
A Kenya based fintech, Kwara has raised $4 million in a seed round that was led by Breega VC firm. The funds will be used to create an app that allows members of credit unions to access financial services. The Rising Demand for Financial Services by Credit Union Members Kwara, a Kenyan fintech that...
5 year study: Can token rewards improve HIV patient outcomes in Africa?
3.12.2021
A Kenyan university and a blockchain healthcare provider will join forces to study whether Africa’s HIV crisis can be helped by using crypto and blockchain technology
Pandemic Drove Adoption but Information Dissemination Just as Important: Kenya-Based Blockchain Advocate
2.12.2021
The adoption of blockchain technology and the use of cryptocurrencies by people in Africa surged to unprecedented levels in 2020. While many have attributed this to Covid-19, blockchain advocates believe their work is partly the reason many are turning to digital currencies. Importance of Education...
Kenya Central Bank Governor on CBDC: It’s About Getting It Right Rather Than Being First
22.11.2021
The Central Bank of Kenya (CBK) governor, Patrick Njoroge, has said his institution is currently exploring the use of central bank digital currencies (CBDC) to settle cross-border payments. Njoroge however insists the bank’s priority is getting it right rather than being the first....
Report: Kenya Has Fourth-Highest Interest in Cryptocurrency Globally
13.10.2021
Kenya has the fourth-highest interest in cryptocurrency globally, a new research study by Broker Chooser has found. According to the study, only three countries — Ukraine, Russia, and the United States — have had higher searches for cryptocurrency in the last 12 months than Kenya....
Regulation Key to African Fintech Sector Growth — New Study
8.10.2021
According to the findings of a study by Afriwise, Kenya, Nigeria, and South Africa have the most developed fintech ecosystems on the continent. The study points to early regulation as one of the reasons for the industry’s success in these countries. Regulated Fintech Ecosystems Attract...
P2P Platforms, Cross-border Transactions Drive African Crypto Markets
15.9.2021
sts said, pointing to the inclusion of Kenya, Nigeria, South Africa, and Tanzania in the top 20 countries of its Global Crypto Adoption
Kenyans Cautioned Against Investing in BTC Company Promising Returns of 400% in Six Hours
18.8.2021
A Kenyan regulator, the Capital Markets Authority (CMA), has cautioned investors and Kenyan citizens against investing with Fxbitinvest, a bitcoin trading company. The warning was issued after the regulator noted Fxbitinvest’s use of exaggerated return-on-investment promises to lure...
Global Charity Organization Launches Crypto-Based Vouchers for Vulnerable Groups in Kenya, Ecuador
14.8.2021
The global charity organization, CARE, has created crypto-based vouchers that will be distributed to women and select groups in Africa and Latin America. According to CARE, these vouchers will be redeemable for goods, services or cash and linked to the needs of recipients. However, in its statement...