Barrack
Good point. There is a clear and present danger of missing out on a huge opportunity in this space because of the 'wait & see' attitude from the regulator.
The ICT Community MUST find a way to engage positively with them to make sure that they understand where we are coming from and we understand where they are coming from. Without this engagement we will continue to speak over each others' heads.
On Saturday when I posed the question on Blockchains to the Governor I got the distinct feeling there was a huge discomfort on this issue. I have huge respect for the Governor and I hope he will rise to the challenge. Our very leadership in the tech space depends on it.
That idea of Blockchains discussion at the IGF is becoming increasingly important.
Ali Hussein
Principal
Hussein & Associates
+254 0713 601113
"Discovery consists in seeing what everyone else has seen and thinking what no one else has thought". ~ Albert Szent-Györgyi
Sent from my iPad
Hi Ali,While the governors point is well noted, shall we continue burying ourheads in the sand or do we adopt a more pro-active approach towardsthe bit-coin issue.RegardsOn 5/30/16, Ali Hussein via kictanet <kictanet@lists.kictanet.or.ke> wrote:Listers
Central Bank of Kenya (CBK) Governor Patrick Njoroge has again warned that
the country must go slow in adopting digital currencies.
This is because Kenya currently doesn’t have systems and capabilities to
handle virtual currencies. The CBK is yet to come up with proper policies
to regulate these form of currencies such as Bitcoins, also known as
currency of the Internet.
Read on:-
http://www.standardmedia.co.ke/mobile/article/2000203442/central-bank-governor-says-kenya-not-ready-for-virtual-currencies
Ali Hussein
Tel: +254 713 601113
-- Barrack O. Otieno+254721325277+254733206359Skype: barrack.otienoPGP ID: 0x2611D86A