Ownmali, a blockchain-enabled real estate tokenization platform, has been admitted into the Capital Markets Authority of Kenya (CMA Kenya) Regulatory Sandbox. Ownmali aims to foster greater inclusivity in real estate investing by making it more affordable for younger Kenyans, regardless of their income levels. During the 12-month sandbox period, Ownmali will adhere to regulatory requirements,…
Read more
Dozens of citizens were killed in Kenya as a result of riots seeking to protest the possible signing of a bill that would approve tax hikes on daily services and items, such as internet and fuel, in a plan to raise an additional $2.7 billion in revenue. The protests, led mostly by young Kenyans who…
Read more
Kenyan President William Ruto announced a major policy shift in the country’s approach to cryptocurrency on May 3, revealing that his government has appointed U.S.-based Bitcoin mining company Marathon Digital as its consultant. The move signals a departure from the Central Bank of Kenya (CBK) and other government entities’ previously defiant stance on cryptocurrencies. Marathon…
Read more
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
N-PIK is an online gambling platform that utilizes its own PIK token, PLYP token to enable players to join raffles, as well as a comprehensive token-based economy to allow players to bet, wager, and win in the best games of skill and chance. The ecosystem’s platforms are already licensed in Uganda and Kenya. Li Aleksandr…
Read more
One analyst on X is concerned about the long-term sustainability of Worldcoin (WLD), a project aiming to build a universal digital identity system. While acknowledging the project’s innovative approach and recent upswing that has seen WLD more than 4X, the analyst thinks “Worldcoin will end in tears.” FDV Versus Market Cap Soars Doubt: A Massive Price Dump…
Read more
Kenya might become the first country in the world where the industry’s representatives would develop the regulatory framework for crypto. Kenya might become the first country in the world where the industry’s representatives would develop the regulatory framework for crypto. According to the Blockchain Association of Kenya (BAK), The National Assembly’s Departmental Committee on Finance…
Read more
The Kenyan government plans to roll out its digital identification system in December 2023 after the testing period, which will take the next few months. The Kenyan government plans to roll out its digital identification system in December 2023 after the testing period, which will take the next few months. According to the president of…
Read more
The committee’s recommendations included having the Kenyan government consider implementing a comprehensive framework for digital assets and virtual asset service providers. A parliamentary committee in Kenya’s government tasked with investigating Worldcoin has recommended that regulators shut down the project’s operations in the country. According to a report released on Sept. 30 by Kenya’s parliament, Worldcoin…
Read more
Kenyan authorities have accused Worldcoin of engaging in acts of espionage and posing a threat to the country’s statehood. The accusations stem from an ongoing investigation by Kenya’s Ad hoc committee, which was initiated following concerns raised by the public regarding Worldcoin’s activities, local media reported. … Read More: Kenyan Authorities Accuse Worldcoin of Espionage and…
Read more
