crypto kenya – Ƀitsell X

Kenyan President Requests Bitcoin Miner Marathon Digital to Review Nation’s Cryptocurrency Regime

May 6, 2024

The Kenyan President William Ruto recently revealed that his government has appointed Bitcoin mining company Marathon Digital as its consultant to review its cryptocurrency regime. The U.S.-based Bitcoin miner is reportedly set to discuss electricity usage in cryptocurrency mining with the Kenyan Energy Ministry. Kenya’s Policy Shift Kenyan President William Ruto recently announced that his…
Read more

Kenya Establishes Working Group to Draft Rules Governing Crypto Entities

April 26, 2024

The Kenyan government recently established a multi-agency technical working group tasked with developing a framework for regulating and monitoring the cryptocurrency industry. The group, which includes financial regulators such as the Central Bank of Kenya, is set to draft rules for controlling and monitoring Virtual Asset Service Providers (VASPs). FATF Grey Listing Threat The Kenyan…
Read more

FATF Grey Listing Concern Prompts Kenya to Establish a Crypto Working Group

February 23, 2024

The fears that Kenya’s lack of a regulatory framework for overseeing the crypto industry has prompted the government to establish a working group tasked with drafting crypto regulations. Authorities in the East African nation are confident that the approved regulations will designate a sole regulatory body to oversee the cryptocurrency industry. Lack of Regulation Threatens…
Read more

Kenya Advances Toward Digital Asset Hub Ambition With Virtual Assets Bill – Kenya Blockchain Association

February 9, 2024

The Blockchain Association of Kenya (BAK) is reportedly on the verge of launching a community-led draft bill, a significant stride towards its objective of transforming Kenya into a hub for digital assets. BAK has expressed its intention to integrate feedback from stakeholders into a revised draft. This updated version of the draft bill is due…
Read more

Report: Worldcoin Set to Resume Kenyan Operations in Early 2024

December 18, 2023

Worldcoin, the iris biometric crypto project, has reportedly reached an agreement with Kenyan authorities which allows it to resume operations in the African country. Worldcoin representatives are said to be “working directly with regulators to meet Kenya’s requirements.” Worldcoin to Restart Kenyan Iris Scanning in Early 2024 According to a report, Worldcoin representatives may have…
Read more

Report: Kenyan Parliament Committee Approves Bill Proposing to Widen Definition of Securities to Include Crypto

December 6, 2023

A Kenyan parliamentary committee has reportedly approved a bill that proposes to widen the definition of securities to include cryptocurrencies. The bill proposes a tax on crypto exchanges and digital wallets as well as a capital gains tax on users who realize a capital gain from the sale of their crypto assets. Bill Just Two…
Read more

Kenyan Blockchain Association Told to Help Draft Regulation Bill, ‘Demystify’ Crypto

November 9, 2023

The Blockchain Association of Kenya has been asked to help create the country’s first draft bill on crypto asset regulation. The National Assembly’s Departmental Committee on Finance and National Planning also asked the association to undertake “robust public education on cryptocurrency trade to demystify it.” Kenya’s Initial Draft Crypto Bill A Kenyan parliamentary committee has…
Read more

Worldcoin Kenya Controversy: Cabinet Secretary Blasted for Inconsistent Statements About Project’s License Status

October 3, 2023

A Kenyan parliamentary committee tasked with investigating Worldcoin’s activities in the African country has reportedly censured a government official over his inconsistent statements about Worldcoin’s license status. The committee also said it found that Worldcoin’s “Orbs” were not approved by the Communications Authority of Kenya as required by law. Worldcoin Allegedly Operated Without a License…
Read more

Worldcoin’s Tools for Humanity Claims to Have Invested Nearly $4.8 Million in Kenya

September 16, 2023

Nearly $4.8 million has been used to fund cryptocurrency and blockchain education efforts in Kenya, the CEO of Tools for Humanity, Alex Blania, recently revealed. Blania also denied allegations that Worldcoin plans to sell users’ biometric data obtained via its eyeball-scanning orbs. More Funding on the Way Tools for Humanity (TFH), the organization supporting the…
Read more

Tag: crypto kenya