Worldcoin: US gov’t blocks CEO Alex Blania’s arrest in Nairobi
A Kenyan minister revealed that authorities detained Alex Blania while at the airport after appearing before parliament, but the U.S. government asked for his release.
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Kenyan lawmakers grill Worldcoin CEO, call the project ‘a gang of criminals’
Worldcoin CEO Alex Blania appeared before an ad hoc parliamentary committee to defend his project, which had invested $17 million in Kenya before it was suspended.
Worldcoin probed by committee formed in Kenya parliament
Kenya was the first to shut down Worldcoin activities and raid its offices; it has now given a parliamentary committee 42 days to investigate the project.
Kenya suspends Worldcoin over data safety concerns as thousands queue for ‘free money’
Worldcoin’s popularity is soaring in Kenya on social media-fuelled promises of free money, with most of the signups not concerned about the safety of their data.
Kenya is losing millions of dollars to digital currency fraudsters: report
While the government focuses on taxing digital asset traders, investors lose millions of dollars to digital currency Ponzi schemes executed by foreign fraudsters.
Only 18% of Africans have owned digital assets: report
The report also revealed that high-earning millennials are the most digital currency-savvy and that poorer countries like Namibia lead digital currency usage in Africa.
Kenyan president signs Finance Bill, demands 3% tax from digital asset traders
The Finance Bill has come under heavy criticism for its new taxes, including a 3% tax on digital asset sales, which exchanges must remit within 24 hours.
CBDC not a priority for Kenya, central bank says
The bank issued a discussion paper a year ago, and after assessing the feedback, it says Kenya can solve its payment issues in other ways and doesn’t need a CBDC.
Kenya says CBDC not a priority, recommends survey on digital currency adoption
Central Bank of Kenya says there are better ways to address financial inclusion with current payment systems and dismissed a CBDC in the short-medium term.
Kenya to tax digital assets, NFTs in proposed bill
Kenya will impose a 3% tax on the transfer of digital assets and NFTs under the proposed 2023 Financial Bill despite failing to legally recognize Bitcoin.
Africa: Blockchain startups sees 429% surge in funding in 2022
A new report reveals that Africa was the region with the highest growth in blockchain funding, with KuCoin and Scroll.io hitting the unicorn valuation.
Kenya views digital currencies as securities under incoming legislation
Under the new bill, digital currencies can only be introduced to the Kenyan market if the assets underwent product development for at least 24 months with a user base of not less than 10,000.