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Kenyan President Requests Bitcoin Miner Marathon Digital to Review Nation’s Cryptocurrency Regime

[May 6 5:21 AM] The Kenyan President William Ruto recently revealed that his government has appointed Bitcoin mining company Marathon Digital as its consultant to review its cryptocurrency regime. The U.S.-based Bitcoin miner is reportedly set to discuss…

Kenya Establishes Working Group to Draft Rules Governing Crypto Entities

[Apr 26 2:38 AM] The Kenyan government recently established a multi-agency technical working group tasked with developing a framework for regulating and monitoring the cryptocurrency industry. The group, which includes financial regulators such as the Central Bank…

FATF Grey Listing Concern Prompts Kenya to Establish a Crypto Working Group

[Feb 23 6:30 AM] The fears that Kenya’s lack of a regulatory framework for overseeing the crypto industry has prompted the government to establish a working group tasked with drafting crypto regulations. Authorities in the East African nation are confident…

Kenya Advances Toward Digital Asset Hub Ambition With Virtual Assets Bill – Kenya Blockchain Association

[Feb 9 4:30 AM] The Blockchain Association of Kenya (BAK) is reportedly on the verge of launching a community-led draft bill, a significant stride towards its objective of transforming Kenya into a hub for digital assets. BAK has expressed its intention to…

Report: Worldcoin Set to Resume Kenyan Operations in Early 2024

[Dec 18, 2023 5:00 AM] Worldcoin, the iris biometric crypto project, has reportedly reached an agreement with Kenyan authorities which allows it to resume operations in the African country. Worldcoin representatives are said to be “working directly with regulators…

Report: Kenyan Parliament Committee Approves Bill Proposing to Widen Definition of Securities to Include Crypto

[Dec 6, 2023 5:30 AM] A Kenyan parliamentary committee has reportedly approved a bill that proposes to widen the definition of securities to include cryptocurrencies. The bill proposes a tax on crypto exchanges and digital wallets as well as a capital gains tax on users…

Kenyan Blockchain Association Told to Help Draft Regulation Bill, ‘Demystify’ Crypto

[Nov 9, 2023 6:30 AM] The Blockchain Association of Kenya has been asked to help create the country’s first draft bill on crypto asset regulation. The National Assembly’s Departmental Committee on Finance and National Planning also asked the association to…

Worldcoin Kenya Controversy: Cabinet Secretary Blasted for Inconsistent Statements About Project’s License Status

[Oct 3, 2023 5:30 AM] A Kenyan parliamentary committee tasked with investigating Worldcoin’s activities in the African country has reportedly censured a government official over his inconsistent statements about Worldcoin’s license status. The committee also…

Kenyan Minister: US Government Recently Foiled Attempt to Detain Worldcoin Representatives

[Sep 20, 2023 5:30 AM] Kenyan law enforcement recently detained two Worldcoin executives as they attempted to depart the country. According to the Kenyan Interior Minister, the duo were eventually let go after the U.S. government’s intervention. U.S. Government…

Worldcoin’s Tools for Humanity Claims to Have Invested Nearly $4.8 Million in Kenya

[Sep 15, 2023 9:30 PM] Nearly $4.8 million has been used to fund cryptocurrency and blockchain education efforts in Kenya, the CEO of Tools for Humanity, Alex Blania, recently revealed. Blania also denied allegations that Worldcoin plans to sell users’ biometric data…