Kenyan Central Bank Warns that BTC is Unregulated. No Mention of Inflation
The Central Bank of Kenya has warned the public against Bitcoin and other virtual currencies, citing that it’s not legal tender and is unregulated. People should therefore desist from transacting in Bitcoin and similar products. There are not many countries left in the world with a buoyant Bitcoin market where the central bank hasn't issued a cautious statement on using cryptocurrency. Now Kenya joins the club of frightened central bankers. “Domestic and international money transfer services in Kenya are regulated by the Central Bank of Kenya Act and other legislation. In this regard, no....
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The Christmas season is a time for giving, spending time with loved ones, and reflecting on all that one should be thankful for. In Kenya, however, this holiday season is a time to spread fear and protect your thiefdom, according to the Kenyan central bank. Bitcoin has been attacked by the Central Bank of Kenya in an official release. Simply marked December 2015, coming out of Nairobi, the central bank says they were tipped off about Bitcoin and its ownership in Kenya by "media reports." In many countries, a notice by the central bank is as powerful as a release by the government itself,....