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#Kenya #Regulations

Kenya Set Plans To Launch Central Bank Digital Currency.

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The Governor, Central Bank of Kenya, Patrick Njoroge, has announced that consideration are underway for the East African nation to launch it’s digital currency, stressing that the regulatory body will take it’s time to ensure that the bank got it…

Kenya and Ghana Coinbase Users To Buy Crypto and Withdraw Cash With Debit and Credit Cards.

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Coinbase, America’s largest crypto exchange by volume and user base, announced that it is now permitting customers from Kenya and Ghana to purchase crypto via their debit and credit cards. This latest announcement comes after the exchange made it public…

Kenya Clamps Down Crypto Trading Platform FXBitInvest.

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Kenya’s Capital Market Authority ( CMA) has warned investors to desist from investing with FXBitInvest, an online cryptocurrency trading platform. CMA, the independent Kenyan government capital market licensing, monitoring and regulatory body noted that Ponzi like promises by FXBitInvest of…

Kenyan Banks Sends Warning To Customers To Avoid Cryptocurrency Trading On Exchanges

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The Central Bank of Kenya (CBK) had sent out a circular to all banks in 2018 warning them against dealing with virtual currencies or entities dealing in digital currencies like Bitcoin. A directory note was also issued to all commercial…