Tags: kenya

Kenya’s Capital Markets Bill Defining Crypto Assets as Securities Progresses in Parliament

The Capital Markets (Amendment) Bill will now be introduced to the lower chamber of Parliament in Kenya.

Kenya might become the first country in the world where the industry’s representatives would develop the regulatory framework for crypto.

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 committee’s recommendations included having the Kenyan government consider implementing a comprehensive framework for digital assets and virtual asset service providers.

Kenyan Authorities Accuse Worldcoin of Espionage and Statehood Threats

Kenyan Government Forms Committee to Investigate Worldcoin Crypto Project

Today in Crypto: Pup Balltze Cheems Dies at Age 12, Kenya Forms Committee to Investigate Worldcoin, Solo Miner With Just 1PH of Hashrate Gets Full $160,000 Bitcoin Block Reward

The controversial crypto project’s launch has been marred into controversy and it‘s already facing investigations in nearly half a dozen countries.

Today in Crypto: Kenyan Police Reportedly Raided Worldcoin Warehouse, US FBI Issues Warnings About NFT Scammers, Curve Finance Offers a $1.85 Million Bounty to Identify & Convict the Hacker

Kenya Suspends WorldCoin Operations, Launches Investigation For Collecting Public Data

Worldcoin, a new crypto project offering digital IDs via iris-scanning, has been suspended by the Kenyan government over privacy and security concerns. 

Today in Crypto: Binance Denies Reports of Its Activities in China, Coinbase is Looking Into Adding Bitcoin Lightning Network, OKX Launches Account Abstraction Feature, Hyundai & Kia Partner With Hedera

Kenyan authorities want to ensure that Worldcoin poses no risks to the security of citizens before it allows the project to gather iris data.

World Mobile announces the completion of DeWi technology field tests in Kenya, Mozambique and Nigeria, bringing a full African rollout one step closer.

The central bank released its statement in response to comments on a CBDC discussion paper published in February 2022.

The blockchain and Web3 hub will serve as a center for knowledge exchange and collaboration between technology firms and government entities in Africa.

At the Metaverse Entertainment Worlds conference, Stephen Castell discussed how blockchain and AI are transforming ethics and banking.

Today in Crypto: Voyager Might Start Fund Distribution in ‘Few Weeks’, Jack Dorsey’s Cash App Posts $2.16B in BTC Revenue for Q1, UK Continues Crypto ATM Crackdown

A bill introduced in Kenya could see a tax added to cryptocurrency and NFT transfers and has been met with a mixed reaction online.

DeFi-based financial inclusion serves to increase liquidity and earning opportunities for African micro-entrepreneurs through Fonbnk’s partnership with Tanda.