Cryptocurrency has been a topic of significant debate and evolution worldwide, and Kenya is no exception. The journey of cryptocurrency regulation in Kenya is a tale of transformation from initial skepticism and outright opposition to eventual acceptance and legalization. In the early 2010s, as cryptocurrencies like Bitcoin began gaining global attention, Kenya’s financial landscape was primarily dominated by traditional banking systems and mobile money services like M-Pesa. The Central Bank of Kenya (CBK) was initially…
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