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Date: Tue, 15 Dec 2015 14:13:47 +0300
Subject: Re: [kictanet] Public Notice by CBK on Virtual Currencies
From: kictanet@lists.kictanet.or.ke
CC: ali@hussein.me.ke
To: ggithaiga@hotmail.com

BitPesa requires proof of identity before use. I found it quite lengthy and a tad tedious while signing up sometimes back. That somewhat takes care of KYC procedures though.

I think CBK are obligated to make this position as a caveat emptor. An idea for them might be to use this case with BitPesa as a pilot with the view of coming up with regulations. Especially as cryptocurrencies are not going away any time soon.

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