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Kenya is preparing legislation to legalize cryptocurrency

Kenya is preparing legislation to legalize cryptocurrency

Bitget2025/01/10 13:03
BTC+0.04%

Kenya's Treasury Cabinet Secretary John Mbadi said on Friday that Kenya is preparing legislation to legalize cryptocurrency, marking a major shift in government stance. Kenya bans the use of cryptocurrencies, but they are still widely used underground by the public to evade restrictions. In outlining the new policy, Mbadi said: "The emergence and development of virtual assets and virtual asset service providers have brought innovation to local and international financial systems, bringing vibrant opportunities and challenges."

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