Kenya Says it has only Two Weeks To Legalise Bitcoin Or Delegalize.
cryptocurrencies have no intrinsic value and are not backed by any kind of assets. He argued that the price of Bitcoin is entirely a matter of speculation.
Further statement from an in house member: CS,Henry Rotich, states:
“The fall of the bitcoin from a peak of $19,300 in February 2017 to $8,500 in February 2018 demonstrated its instability…… The issue of cryptocurrencies is evolving and we can take a position as a country. This is a delicate balance between supporting innovation and killing it.”
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