Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Kenya prepares legislation to legalize cryptocurrencies

Kenya prepares legislation to legalize cryptocurrencies

CointimeCointime2025/01/10 13:33
By:Cointime

John Mbadi, Cabinet Secretary for the Ministry of Finance in Kenya, stated on Friday that Kenya is preparing to legalize cryptocurrency, marking a significant shift in the government's position. While Kenya has banned the use of cryptocurrencies, the public continues to widely use them underground to circumvent restrictions. Mbadi stated in a statement outlining the new policy, "The emergence and development of virtual assets and virtual asset service providers have brought innovation, vitality, opportunities, and challenges to the local and international financial system." 

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!