The Capital Markets Authority has issued a cautionary statement through her twitter handle concerning Kenicoin and her concluded Initial Coin Offering And Coin Trading Exchange. Kenicoinexchange.

The coin is popular in rural Kenya and had gained much recognition among residents and Crypto Traders in Kenya.

According to the CMA statement, there are

“noted discrepancies in the information provided in the website www.kenicoin.com and the information given to the authority during interviews of Wiseman Talent Ventures leadership in relation to the total number of Kenicoin sold and the total number of funds raised.”

WiseMan Talent Ventures, the company behind the ICO, is currently being investigated by the CMA in relation to the issuance of the Kenicoin digital token and its accompanying ICO and Coin Exchange Trading.