Listers

Interesting warning from Citibank.

Citibank analysts have warned that Kenyans have accumulated holdings of bitcoin estimated at more than Sh163 billion, which could cause widespread disruption to the economy were the cryptocurrency to collapse.

The Citi study reveals a rising popularity of the virtual currency despite regular warnings by regulators, citing a lack of legal backing.

Read on:-

Citibank warns of over risk of Bitcoin investment in Kenya

Ali Hussein

Principal

Hussein & Associates

Tel: +254 713 601113

Twitter: @AliHKassim

Skype: abu-jomo

LinkedIn: http://ke.linkedin.com/in/alihkassim

13th Floor , Delta Towers, Oracle Wing,

Chiromo Road, Westlands,

Nairobi, Kenya.

Any information of a personal nature expressed in this email are purely mine and do not necessarily reflect the official positions of the organizations that I work with.