July 23, 2024
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In the previous financial year, Kenyans lost $120 million to cryptocurrency scams

According to a Kenyan cabinet secretary, his countrymen lost $120 million to cryptocurrency scammers in the previous fiscal year. Many Kenyans are being duped due to a lack of knowledge, according to the secretary, Joe Mucheru. Mucheru, speaking at a symposium on law and order, indicated that if the media plays its part, the number

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CBDC – National Digital Currency option is what Kenya is considering now

Kenya is the latest country to investigate the possibility of a national CBDC. According to the Kenyan Central Bank, the introduction of a Central Bank Digital Currency (CBDC) could improve cross-border payments by making them more efficient and cost effective. CBDC is being considered by an increasing number of countries. The Indian government had announced

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Central Bank of Kenya Keen On Entering Digital Currency Space

The Central Bank of Kenya (CBK) has entered into discussions with other global Central Banks on the possibilities of entering the digital currency space. A cryptocurrency is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of a computerized

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