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Kenya

Central Bank of Kenya: State-backed digital currency won’t solve all financial challenges
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2 April, 2022

Central Bank of Kenya: State-backed digital currency won’t solve all financial challenges

The CBK governor believes that central banks must address their financial challenges directly before launching a digital currency as it...
Low smartphone penetration will hinder CBDC adoption, Kenya central banks says
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30 March, 2022

Low smartphone penetration will hinder CBDC adoption, Kenya central banks says

The central bank governor believes it may be wise to delay the possible rollout of a digital shilling as those...
Kenya explores CBDC, calls for public feedback
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18 February, 2022

Kenya explores CBDC, calls for public feedback

The Central Bank of Kenya published a discussion paper on central bank digital currency, noting that a CBDC-powered cross-border remittance...
2021 year in review: Bitcoin comes of age in Africa
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31 December, 2021

2021 year in review: Bitcoin comes of age in Africa

2021 had it all in Africa for digital currencies—adoption soared by 1,200% as Kenya led global P2P trades, but there...
Africa’s digital currency market grew by 1200% in the past year: Chainalysis
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20 September, 2021

Africa’s digital currency market grew by 1200% in the past year: Chainalysis

Africa has seen massive growth since June last year, with the need for cheap remittances, rise of P2P platforms, and...
Kenya leads in global P2P volume for second year in a row
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16 September, 2021

Kenya leads in global P2P volume for second year in a row

Kenya has ranked first in the world for P2P volume for the second year in a row and fifth for...
Digital currency-related attacks among top cyber threats in Africa: Kaspersky
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10 September, 2021

Digital currency-related attacks among top cyber threats in Africa: Kaspersky

Kaspersky found that investors in Rwanda and Ethiopia have the highest ratio of targeted attacks at over 3%, with Nigeria...
Kenya should consider blockchain voting, electoral commission nominee says
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21 July, 2021

Kenya should consider blockchain voting, electoral commission nominee says

Justus Abonyo, a nominee for Kenya’s electoral commission, says blockchain-based voting would bring down the cost of elections by over...
Kenya Finance Act takes effect, charging 1.5% tax on digital currencies
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11 January, 2021

Kenya Finance Act takes effect, charging 1.5% tax on digital currencies

The law charges a digital services tax on all digital marketplaces and services, as the government seeks to raise $46...
UN calls for blockchain to fight rampant corruption in Kenya
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7 November, 2020

UN calls for blockchain to fight rampant corruption in Kenya

Integrating blockchain technology can help Kenya save billions of dollars lost each year to corruption, according to the United Nation.
Kenyan central bank exploring CBDCs, digital currency regulation
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26 October, 2020

Kenyan central bank exploring CBDCs, digital currency regulation

The Central Bank of Kenya is in discussions with other central banks globally regarding the introduction of a central bank...
Shamba Records taps blockchain to transform agriculture in Africa
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10 July, 2020

Shamba Records taps blockchain to transform agriculture in Africa

The Kenyan startup caters to over 6,000 small-scale farmers in rural areas, enabling them to leverage technology to increase their...