Kenya

Kenya suspends Worldcoin over data safety concerns as thousands queue for ‘free money’
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7 August, 2023

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...
Kenya is losing millions of dollars to digital currency fraudsters: report
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2 August, 2023

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...
Only 18% of Africans have owned digital assets: report
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24 July, 2023

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...
Kenyan president signs Finance Bill, demands 3% tax from digital asset traders
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5 July, 2023

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,...
CBDC not a priority for Kenya, central bank says
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9 June, 2023

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...
Kenya says CBDC not a priority, recommends survey on digital currency adoption
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26 May, 2023

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...
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