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Kenya's government remains ambivalent towards blockchain and cryptocurrencies despite growing public interest and economic activity in the sector.
While the technology has garnered significant attention and investment, with Kenya emerging as a regional cryptocurrency hub, the government's stance remains unclear.
A recent parliamentary grilling of the incoming Treasury Cabinet Secretary highlighted the lack of a coherent policy framework. Despite the Kenya Revenue Authority's imposition of taxes on cryptocurrency transactions, the Central Bank maintains a cautious approach, echoing the government's overall indecision.