Josiah I agree.. The article is abit shallow on details and zero on the adoption of the technology itself.. *Ali Hussein* *Principal* *Hussein & Associates* Tel: +254 713 601113 Twitter: @AliHKassim Skype: abu-jomo LinkedIn: http://ke.linkedin.com/in/alihkassim <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. On Mon, Jan 15, 2018 at 12:16 PM, Josiah Mugambi <josiah.mugambi@gmail.com> wrote:

I'd be most interested in the source of that KES 163B figure (1.58B $).

The BDA article makes no mention of Citi's view on the upside potential of other platforms and blockchain in general.

http://kenyanwallstreet.com/kenya-among-countries-world- highest-per-capita-holding-bitcoin-citi

On Mon, Jan 15, 2018 at 11:51 AM, Ali Hussein via kictanet < kictanet@lists.kictanet.or.ke> wrote:

...

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 <https://www.businessdailyafrica.com/news/Citi-warns-over-risk-of-Kenya-bitcoins/539546-4263658-mhoko2z/index.html>

*Ali Hussein*

*Principal*

*Hussein & Associates*

Tel: +254 713 601113

Twitter: @AliHKassim

Skype: abu-jomo

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

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