Kenya is preparing legislation to legalize cryptocurrency
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."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Former Federal Reserve official: Will not support a 50 basis point rate cut
Where will Ethereum and Bitcoin go after the "rate cut"?
Fed's Kashkari: If the labor market weakens, rate cuts could come sooner
Near AI will launch its crypto chat platform later this month or early next month, NEAR up 11.6% in 24 hours
Trending news
MoreCrypto prices
More
