Just thinking. Is there just a better time for equitel to shine :) On Tue, Dec 15, 2015 at 11:37 PM, Grace Githaiga via kictanet < kictanet@lists.kictanet.or.ke> wrote:
In light of today's debate on the notice issued by CBK on virtual currencies, here is an update of a related story
http://www.nation.co.ke/business/safaricom-suspends-companyies/-/996/2998070...
------------------------------ 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
Josiah
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On 15 Dec 2015, at 1:24 PM, Josiah Mugambi via kictanet < kictanet@lists.kictanet.or.ke> wrote:
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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