Central Bank Governor says Kenya not ready for virtual currencies - Standard Digital News
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-govern... Ali Hussein Tel: +254 713 601113
Hi Ali, While the governors point is well noted, shall we continue burying our heads in the sand or do we adopt a more pro-active approach towards the bit-coin issue. Regards On 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-govern...
Ali Hussein Tel: +254 713 601113
-- Barrack O. Otieno +254721325277 +254733206359 Skype: barrack.otieno PGP ID: 0x2611D86A
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 Twitter: @AliHKassim Skype: abu-jomo LinkedIn: http://ke.linkedin.com/in/alihkassim "Discovery consists in seeing what everyone else has seen and thinking what no one else has thought". ~ Albert Szent-Györgyi Sent from my iPad
On 30 May 2016, at 1:05 PM, Barrack Otieno <otieno.barrack@gmail.com> wrote:
Hi Ali,
While the governors point is well noted, shall we continue burying our heads in the sand or do we adopt a more pro-active approach towards the bit-coin issue.
Regards
On 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-govern...
Ali Hussein Tel: +254 713 601113
-- Barrack O. Otieno +254721325277 +254733206359 Skype: barrack.otieno PGP ID: 0x2611D86A
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Ali Hussein -
Barrack Otieno