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Kenya Shuts Down Worldcoin’s Biometric Data Collection Big blow for Worldcoin! A Kenyan High Court has ordered the Sam Altman–led crypto project to stop collecting, processing, and storing biometric data immediately. Why? No completed Data Protection Impact Assessment Violations of Kenya’s Data Protection Act Court demands deletion of all previously collected biometric data within 7 days No more crypto incentives for signups Justice Aburili Roselyne backed the Katiba Institute, which has long warned against Worldcoin’s iris and facial scans via the Orb device. But it’s not just Kenya… Indonesia has also suspended Worldcoin, citing: Unregistered operations Use of unauthorized entities Breach of electronic systems law This raises serious red flags about how Worldcoin handles privacy and compliance on a global scale. Privacy > Hype? #Worldcoin #CryptoNews #BinanceSquare #Kenya #Indonesia #Web3 #CryptoRegulation Do you think biometric data should be part of crypto onboarding? Share your thoughts below! ⬇️
Kenya Shuts Down Worldcoin’s Biometric Data Collection
Big blow for Worldcoin!
A Kenyan High Court has ordered the Sam Altman–led crypto project to stop collecting, processing, and storing biometric data immediately.

Why?

No completed Data Protection Impact Assessment

Violations of Kenya’s Data Protection Act

Court demands deletion of all previously collected biometric data within 7 days

No more crypto incentives for signups

Justice Aburili Roselyne backed the Katiba Institute, which has long warned against Worldcoin’s iris and facial scans via the Orb device.

But it’s not just Kenya…
Indonesia has also suspended Worldcoin, citing:

Unregistered operations

Use of unauthorized entities

Breach of electronic systems law

This raises serious red flags about how Worldcoin handles privacy and compliance on a global scale.

Privacy > Hype?
#Worldcoin #CryptoNews #BinanceSquare #Kenya #Indonesia #Web3 #CryptoRegulation

Do you think biometric data should be part of crypto onboarding?
Share your thoughts below!
⬇️
See original
Kenyan Court Orders Sam Altman's Crypto Project to Delete Biometric Data: A Wake-Up Call for Worldcoin?On 06/05/2025, the High Court of Nairobi, Kenya, ruled that Sam Altman's Worldcoin project must delete all biometric data collected in Kenya within 7 days under government supervision, increasing global pressure on the company. Is this the end of Worldcoin's ambitions? Let's analyze in detail. Ruling in Kenya: Violation of Privacy Rights The court ruled that #Worldcoin (formerly called Worldcoin), and their agents collected biometric data (iris scans) without valid consent from the Office of the Data Protection Commission (ODPC), using cryptocurrency (token $WLD ) as a 'club' to lure users, violating the principle of voluntary consent. Joshua Malidzo Nyawa, a lawyer from the Katiba Institute – the suing organization, called this a 'victory for privacy in Kenya.' He emphasized: 'Privacy is a constitutional right, violations can occur if procedures like data security impact assessments are not followed. Consent after being lured with money or crypto is illegal.' Worldcoin has not immediately responded to requests for comment.

Kenyan Court Orders Sam Altman's Crypto Project to Delete Biometric Data: A Wake-Up Call for Worldcoin?

On 06/05/2025, the High Court of Nairobi, Kenya, ruled that Sam Altman's Worldcoin project must delete all biometric data collected in Kenya within 7 days under government supervision, increasing global pressure on the company. Is this the end of Worldcoin's ambitions? Let's analyze in detail.

Ruling in Kenya: Violation of Privacy Rights

The court ruled that #Worldcoin (formerly called Worldcoin), and their agents collected biometric data (iris scans) without valid consent from the Office of the Data Protection Commission (ODPC), using cryptocurrency (token $WLD ) as a 'club' to lure users, violating the principle of voluntary consent. Joshua Malidzo Nyawa, a lawyer from the Katiba Institute – the suing organization, called this a 'victory for privacy in Kenya.' He emphasized: 'Privacy is a constitutional right, violations can occur if procedures like data security impact assessments are not followed. Consent after being lured with money or crypto is illegal.' Worldcoin has not immediately responded to requests for comment.
Kenya Bans Worldcoin (WLD) After Indonesia: Global Regulatory Crackdown EscalatesThe Kenyan High Court has deemed the operations of Sam Altman's Worldcoin Foundation unlawful, mandating the removal of biometric data gathered from Kenyan citizens within a week. This decision, announced on May 5, 2025, follows Indonesia's suspension of the project due to regulatory infractions. Kenya Court Orders Data Deletion Within Seven Days Justice Aburili Roselyne issued three directives against Sam Altman's Worldcoin Foundation for breaching Kenya's Data Protection Act of 2019. The Court mandated the foundation to erase all iris and facial biometric data gathered from Kenyan citizens. {spot}(WLDUSDT) The Data Protection Commissioner is responsible for supervising this process, which is required to be finalized within a week. The Court determined that the data was acquired without a legitimate Data Protection Impact Assessment and concluded that the consent was invalid, as it was secured through financial incentives linked to Worldcoin's cryptocurrency. “An order of Mandamus compelling the Worldcoin Foundation and its agents to permanently delete (under the supervision of the Data Protection Commissioner) within seven days any biometric data collected in Kenya.” An additional directive forbade the foundation and its representatives from gathering, processing, or managing any biometric data within the nation. A subsequent order revoked any previous authorizations permitting the company to collect or process such data. Nevertheless, in spite of this restriction, Worldcoin has recently taken a positive step by launching $WLD ID in the United States, coinciding with Coinbase's intention to list the token. Legal Challenge Led by Katiba Institute The ruling of the Court comes in response to a legal challenge initiated by the Katiba Institute, a civil society organization based in Kenya. This organization raised concerns regarding the legality of the data collection methods employed by Sam Altman's Worldcoin, which utilizes a digital application and biometric Orb devices. They contended that the foundation did not adhere to the privacy protections stipulated in national legislation. Following the ruling, the Katiba Institute stated, “Today, Lady Justice Aburili Roselyne has allowed our Judicial Review Application, where we challenged the collection, processing, and transfer of iris and facial images using the Worldcoin App and the Orb against the Worldcoin Foundation.” Worldcoin commenced its operations in Nairobi at the beginning of 2023, providing cryptocurrency valued at Ksh7,000 in return for biometric information. However, the government suspended the registration process due to the significant influx of people at public locations, which raised alarms regarding security and privacy issues. Worldcoin Also Faces Suspension in Indonesia Just hours prior to the ruling in Kenya, Indonesia's Ministry of Communications and Digital (Komdigi) announced the suspension of Worldcoin's registration. Officials pointed to suspicious activities and the engagement of unauthorized legal entities in digital services, despite intentions to incorporate Circle's USDC and CCTP V2. Following the decisions made in both Kenya and Indonesia, the value of the Worldcoin token (WLD) experienced a decline of over 6% within a 24-hour period. At the time of this report, the $WLD was trading at $0.8816 after reaching a peak of $0.9627 in the preceding 24 hours. Furthermore, the open interest for WLD decreased by 5.15%, bringing it down to $219.42 million. Komdigi indicated that the Worldcoin-affiliated company, PT Terang Bulan Abadi, was operating without a legitimate Electronic System Operator Certificate. Additionally, it was discovered that another local partner, PT Sandina Abadi Nusantara, was reportedly involved in legal misrepresentation. According to Komdigi, “Noncompliance with registration obligations and the use of the identity of another legal entity… is a serious violation.” The ministry has announced that it will convene both local organizations for further clarification and has urged citizens to report any unregistered digital service providers. Alexander Sabar, the director general for digital supervision, stated, 'We encourage the public to assist in ensuring a secure and reliable digital environment for all citizens.' #Worldcoin #CryptoNewss #MarketSentimentToday #Market_Update #Kenya

Kenya Bans Worldcoin (WLD) After Indonesia: Global Regulatory Crackdown Escalates

The Kenyan High Court has deemed the operations of Sam Altman's Worldcoin Foundation unlawful, mandating the removal of biometric data gathered from Kenyan citizens within a week.

This decision, announced on May 5, 2025, follows Indonesia's suspension of the project due to regulatory infractions.
Kenya Court Orders Data Deletion Within Seven Days
Justice Aburili Roselyne issued three directives against Sam Altman's Worldcoin Foundation for breaching Kenya's Data Protection Act of 2019.

The Court mandated the foundation to erase all iris and facial biometric data gathered from Kenyan citizens.


The Data Protection Commissioner is responsible for supervising this process, which is required to be finalized within a week.

The Court determined that the data was acquired without a legitimate Data Protection Impact Assessment and concluded that the consent was invalid, as it was secured through financial incentives linked to Worldcoin's cryptocurrency.
“An order of Mandamus compelling the Worldcoin Foundation and its agents to permanently delete (under the supervision of the Data Protection Commissioner) within seven days any biometric data collected in Kenya.”
An additional directive forbade the foundation and its representatives from gathering, processing, or managing any biometric data within the nation.

A subsequent order revoked any previous authorizations permitting the company to collect or process such data.

Nevertheless, in spite of this restriction, Worldcoin has recently taken a positive step by launching $WLD ID in the United States, coinciding with Coinbase's intention to list the token.
Legal Challenge Led by Katiba Institute

The ruling of the Court comes in response to a legal challenge initiated by the Katiba Institute, a civil society organization based in Kenya.

This organization raised concerns regarding the legality of the data collection methods employed by Sam Altman's Worldcoin, which utilizes a digital application and biometric Orb devices.

They contended that the foundation did not adhere to the privacy protections stipulated in national legislation.

Following the ruling, the Katiba Institute stated,
“Today, Lady Justice Aburili Roselyne has allowed our Judicial Review Application, where we challenged the collection, processing, and transfer of iris and facial images using the Worldcoin App and the Orb against the Worldcoin Foundation.”
Worldcoin commenced its operations in Nairobi at the beginning of 2023, providing cryptocurrency valued at Ksh7,000 in return for biometric information.

However, the government suspended the registration process due to the significant influx of people at public locations, which raised alarms regarding security and privacy issues.
Worldcoin Also Faces Suspension in Indonesia

Just hours prior to the ruling in Kenya, Indonesia's Ministry of Communications and Digital (Komdigi) announced the suspension of Worldcoin's registration.

Officials pointed to suspicious activities and the engagement of unauthorized legal entities in digital services, despite intentions to incorporate Circle's USDC and CCTP V2.

Following the decisions made in both Kenya and Indonesia, the value of the Worldcoin token (WLD) experienced a decline of over 6% within a 24-hour period.

At the time of this report, the $WLD was trading at $0.8816 after reaching a peak of $0.9627 in the preceding 24 hours.

Furthermore, the open interest for WLD decreased by 5.15%, bringing it down to $219.42 million.

Komdigi indicated that the Worldcoin-affiliated company, PT Terang Bulan Abadi, was operating without a legitimate Electronic System Operator Certificate.

Additionally, it was discovered that another local partner, PT Sandina Abadi Nusantara, was reportedly involved in legal misrepresentation. According to Komdigi,
“Noncompliance with registration obligations and the use of the identity of another legal entity… is a serious violation.”
The ministry has announced that it will convene both local organizations for further clarification and has urged citizens to report any unregistered digital service providers.

Alexander Sabar, the director general for digital supervision, stated, 'We encourage the public to assist in ensuring a secure and reliable digital environment for all citizens.'

#Worldcoin #CryptoNewss #MarketSentimentToday #Market_Update #Kenya
DDU518:
笨笨,肯尼亚2023年就叫停了好吧!
$TRUMP {spot}(TRUMPUSDT) $XRP {spot}(XRPUSDT) ⚠️⚠️⚠️⛔🔴WORLDCOIN FULLY BANNED IN KENYA❕❕❕❕❕❕❕❕🤔 LIKE for YES . COmment for NO Kenyan high court has termed worldcoin operation illegal 100% today and fully extends the ban to unknown date. The kenyan high court today on 5th may 2025 ruled that the biometric collection from its people was unlawful. They further extended that they have involved a percent of citizen some registered and some non registered users. Worldcoin itself has been suspending users accounts due to illegal act suspected. DO YOU AGREE WITH THE DECISION IF YOU are a kenyan or worldcoin user????#Kenya #Worldcoin #MarketPullback $T {spot}(TUSDT)
$TRUMP
$XRP
⚠️⚠️⚠️⛔🔴WORLDCOIN FULLY BANNED IN KENYA❕❕❕❕❕❕❕❕🤔

LIKE for YES .
COmment for NO

Kenyan high court has termed worldcoin operation illegal 100% today and fully extends the ban to unknown date.

The kenyan high court today on 5th may 2025 ruled that the biometric collection from its people was unlawful.

They further extended that they have involved a percent of citizen some registered and some non registered users.

Worldcoin itself has been suspending users accounts due to illegal act suspected.

DO YOU AGREE WITH THE DECISION IF YOU are a kenyan or worldcoin user????#Kenya #Worldcoin #MarketPullback $T
Anyone from Kenya willing to speak on matters crypto #Kenya .Cause we need to support each other in order to grow please follow to keep in touch .
Anyone from Kenya willing to speak on matters crypto #Kenya .Cause we need to support each other in order to grow please follow to keep in touch .
Truth be said. 90% are selling their PI COINS I can't wait for them to say that they couldn't have sold it earlier 🤣😂 #trending #forextrader #kenya
Truth be said.
90% are selling their PI COINS I can't wait for them to say that they couldn't have sold it earlier 🤣😂 #trending #forextrader #kenya
President Ruto is having backlash for wanting to send Kenyan boots on the ground in Haiti. Protesters think he is playing America's dirty job amidst issues he needs to tackle in his own country. What do you think? #PEPE‏ #kenya #haiti #EarnFreeCrypto2024 #usa
President Ruto is having backlash for wanting to send Kenyan boots on the ground in Haiti.
Protesters think he is playing America's dirty job amidst issues he needs to tackle in his own country.
What do you think?
#PEPE‏ #kenya #haiti #EarnFreeCrypto2024 #usa
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Kenya Launches Digital and AI Skills HubKenya, in partnership with the United Nations Development Programme (UNDP) and Microsoft, has established the Africa Digital and AI Skills Competency Hub. The centre aims to equip public sector workers with digital and AI skills to improve service delivery across Africa. The hub aligns with Kenya’s National Digital Master Plan and focuses on themes such as human-centered problem solving and strategic visioning.

Kenya Launches Digital and AI Skills Hub

Kenya, in partnership with the United Nations Development Programme (UNDP) and Microsoft, has established the Africa Digital and AI Skills Competency Hub.
The centre aims to equip public sector workers with digital and AI skills to improve service delivery across Africa.
The hub aligns with Kenya’s National Digital Master Plan and focuses on themes such as human-centered problem solving and strategic visioning.
Big news! 🚨 Filings reveal major crypto players like Solana, Uniswap, and Consensys quietly donated millions to Trump's inauguration. Meanwhile, Bitcoin's facing a crucial test at $88.5K – will it break the bearish trend? Plus, DeFi Technologies is launching the Kenya Digital Exchange, bringing tokenized assets to Africa! 🌍 #Crypto #Bitcoin #Trump #Kenya #DeFi
Big news! 🚨 Filings reveal major crypto players like Solana, Uniswap, and Consensys quietly donated millions to Trump's inauguration. Meanwhile, Bitcoin's facing a crucial test at $88.5K – will it break the bearish trend? Plus, DeFi Technologies is launching the Kenya Digital Exchange, bringing tokenized assets to Africa! 🌍 #Crypto #Bitcoin #Trump #Kenya #DeFi
The Venom Foundation and Kenyan Government join forces to transform Africa's blockchain landscape by establishing a dynamic blockchain hub in Africa. #Africa #blockchain #Web3 #venom #kenya https://blockchainreporter.net/venom-partners-with-kenyan-government-to-establish-groundbreaking-blockchain-hub/
The Venom Foundation and Kenyan Government join forces to transform Africa's blockchain landscape by establishing a dynamic blockchain hub in Africa.

#Africa #blockchain #Web3 #venom #kenya

https://blockchainreporter.net/venom-partners-with-kenyan-government-to-establish-groundbreaking-blockchain-hub/
--
Bullish
Cryptocurrencies to Be Legalized in Kenya A local newspaper cites Treasury Cabinet Secretary John Mbadi as saying that Kenya is about to make a policy change by introducing legislation to legalize cryptocurrency. Mbadi, in a Friday speech, detailed the government's intentions to establish regulations for the cryptocurrency business, which has been operating underground despite a formal prohibition. Speaking on Kenya's banking industry, Mbadi praised it as an example of African creativity and progress. "New possibilities and threats have emerged in the global and domestic financial systems as a result of the development and expansion of virtual assets and the businesses that provide these services." Kenya should reap the advantages of the cryptocurrency market while minimizing its hazards, according to Mbadi, who acknowledged the perils of cryptocurrencies include fraud, money laundering, and terrorist funding. Additionally, he said that the Kenyan government is dedicated to developing the appropriate legal and regulatory framework to take advantage of VAs and VASPs while mitigating the dangers that come with them. Global Monetary Fund Calls on Kenya to Set Clear Crypto Regulations Improving financial literacy and creating a level playing field in the cryptocurrency industry are two goals of the proposed regulation. In a recent statement, the International Monetary Fund (IMF) asked Kenya to address consumer protection and financial crime issues associated to cryptocurrencies by developing rules. This approach is in line with those demands. On January 8, the International Monetary Fund (IMF) published a technical assistance study in which it highlighted problems with Kenya's present strategy for regulating cryptocurrency. This change in regulation has the potential to make Kenya a regional center for blockchain innovation while also addressing systemic issues, as the country joins an increasing number of African governments that are adopting bitcoin. #Kenya #USJobsSurge256K #BTC $BTC
Cryptocurrencies to Be Legalized in Kenya

A local newspaper cites Treasury Cabinet Secretary John Mbadi as saying that Kenya is about to make a policy change by introducing legislation to legalize cryptocurrency.

Mbadi, in a Friday speech, detailed the government's intentions to establish regulations for the cryptocurrency business, which has been operating underground despite a formal prohibition.

Speaking on Kenya's banking industry, Mbadi praised it as an example of African creativity and progress. "New possibilities and threats have emerged in the global and domestic financial systems as a result of the development and expansion of virtual assets and the businesses that provide these services."

Kenya should reap the advantages of the cryptocurrency market while minimizing its hazards, according to Mbadi, who acknowledged the perils of cryptocurrencies include fraud, money laundering, and terrorist funding.

Additionally, he said that the Kenyan government is dedicated to developing the appropriate legal and regulatory framework to take advantage of VAs and VASPs while mitigating the dangers that come with them.

Global Monetary Fund Calls on Kenya to Set Clear Crypto Regulations
Improving financial literacy and creating a level playing field in the cryptocurrency industry are two goals of the proposed regulation.

In a recent statement, the International Monetary Fund (IMF) asked Kenya to address consumer protection and financial crime issues associated to cryptocurrencies by developing rules. This approach is in line with those demands.

On January 8, the International Monetary Fund (IMF) published a technical assistance study in which it highlighted problems with Kenya's present strategy for regulating cryptocurrency.

This change in regulation has the potential to make Kenya a regional center for blockchain innovation while also addressing systemic issues, as the country joins an increasing number of African governments that are adopting bitcoin.

#Kenya #USJobsSurge256K #BTC $BTC
KENYA LEADING ACROSS AFRICA🇰🇪 >In crypto currency investment and adoption . Kenya is undeniably the leading force in cryptocurrency investment across Africa, with an unparalleled surge in digital currency adoption. In 2024 alone, over 15 million Kenyans, representing nearly 30% of the country's population, have embraced cryptocurrency as part of their financial portfolio. This places Kenya far ahead of other African nations in terms of per capita crypto adoption. The financial commitment to crypto in Kenya is equally extraordinary. Kenyan investors have poured a staggering $40 billion into the digital asset market, outpacing every other African nation by a wide margin. This surge in investment is driving not only a revolution in personal wealth but also fueling the growth of a thriving crypto ecosystem, with over 5,000,000 new crypto accounts opening each month. The Kenyan government and financial institutions are also backing this crypto movement, creating a favorable regulatory environment that has made Nairobi the crypto capital of Africa. Kenyan blockchain startups are raising millions in funding, and several have gained international recognition, attracting investors from Silicon Valley and beyond. This booming crypto market has created new opportunities for job growth, with tens of thousands of Kenyans now working in the blockchain and digital finance sectors. Kenya’s crypto revolution is setting the stage for an economic transformation that will make it one of the world’s leading players in the digital economy. $BTC {spot}(BTCUSDT) {spot}(ETHUSDT) {spot}(BNBUSDT) #Kenya
KENYA LEADING ACROSS AFRICA🇰🇪
>In crypto currency investment and adoption .

Kenya is undeniably the leading force in cryptocurrency investment across Africa, with an unparalleled surge in digital currency adoption. In 2024 alone, over 15 million Kenyans, representing nearly 30% of the country's population, have embraced cryptocurrency as part of their financial portfolio. This places Kenya far ahead of other African nations in terms of per capita crypto adoption.

The financial commitment to crypto in Kenya is equally extraordinary. Kenyan investors have poured a staggering $40 billion into the digital asset market, outpacing every other African nation by a wide margin. This surge in investment is driving not only a revolution in personal wealth but also fueling the growth of a thriving crypto ecosystem, with over 5,000,000 new crypto accounts opening each month.

The Kenyan government and financial institutions are also backing this crypto movement, creating a favorable regulatory environment that has made Nairobi the crypto capital of Africa. Kenyan blockchain startups are raising millions in funding, and several have gained international recognition, attracting investors from Silicon Valley and beyond.

This booming crypto market has created new opportunities for job growth, with tens of thousands of Kenyans now working in the blockchain and digital finance sectors. Kenya’s crypto revolution is setting the stage for an economic transformation that will make it one of the world’s leading players in the digital economy.

$BTC

#Kenya
📢Breaking News: Kenya Embraces Crypto Regulation 🚨 👇In a significant shift from its previous cautious stance, Kenya is advancing towards regulating cryptocurrencies. On January 10, Treasury Cabinet Secretary John Mbadi announced the government's commitment to establishing a comprehensive legal and regulatory framework for cryptocurrencies 📜. 🔍 The Draft Proposal: A New Era for Crypto in Kenya The draft proposal, titled 'National Policy on Virtual Assets and Virtual Asset Service Providers,' aims to create a fair, competitive, and stable market for cryptocurrencies in Kenya 📈. It addresses potential risks such as money laundering, terrorism financing, and consumer protection issues 🚨. The proposal seeks to provide a comprehensive legal and regulatory framework governing virtual asset activities and virtual asset service providers (VASPs) 📊. 📈 A New Chapter for Crypto Adoption in Africa Kenya's move towards regulation could lead to increased adoption and growth in the crypto market 🚀. The country ranks 21st globally on the Chainalysis Crypto Adoption Index, with stablecoin transactions accounting for nearly half of the total transaction volume in the region 📊. Between July 2023 and July 2024, Kenya received $3.3 billion worth of stablecoins, with Nigeria leading the region with $21.8 billion in stablecoin transaction volume 📈. 👥 Public Feedback and the Future of Crypto Regulation in Kenya Public feedback on the draft proposal is open until January 24 📅. If approved, Kenya could join other African nations like South Africa and Nigeria, which have already implemented cryptocurrency regulations 🌍. This development marks a significant milestone in Kenya's journey towards embracing cryptocurrencies and providing a secure and regulated environment for crypto enthusiasts 🚀. #USJobsSurge256K #Kenya #cryptouniverseofficial $BTC

📢Breaking News: Kenya Embraces Crypto Regulation 🚨 👇

In a significant shift from its previous cautious stance, Kenya is advancing towards regulating cryptocurrencies. On January 10, Treasury Cabinet Secretary John Mbadi announced the government's commitment to establishing a comprehensive legal and regulatory framework for cryptocurrencies 📜.
🔍 The Draft Proposal: A New Era for Crypto in Kenya
The draft proposal, titled 'National Policy on Virtual Assets and Virtual Asset Service Providers,' aims to create a fair, competitive, and stable market for cryptocurrencies in Kenya 📈. It addresses potential risks such as money laundering, terrorism financing, and consumer protection issues 🚨. The proposal seeks to provide a comprehensive legal and regulatory framework governing virtual asset activities and virtual asset service providers (VASPs) 📊.
📈 A New Chapter for Crypto Adoption in Africa
Kenya's move towards regulation could lead to increased adoption and growth in the crypto market 🚀. The country ranks 21st globally on the Chainalysis Crypto Adoption Index, with stablecoin transactions accounting for nearly half of the total transaction volume in the region 📊. Between July 2023 and July 2024, Kenya received $3.3 billion worth of stablecoins, with Nigeria leading the region with $21.8 billion in stablecoin transaction volume 📈.
👥 Public Feedback and the Future of Crypto Regulation in Kenya
Public feedback on the draft proposal is open until January 24 📅. If approved, Kenya could join other African nations like South Africa and Nigeria, which have already implemented cryptocurrency regulations 🌍. This development marks a significant milestone in Kenya's journey towards embracing cryptocurrencies and providing a secure and regulated environment for crypto enthusiasts 🚀.
#USJobsSurge256K
#Kenya
#cryptouniverseofficial
$BTC
Kenya Set to Embrace Cryptocurrency: Government Prepares Legislation to Regulate Virtual AssetsKenya is set to introduce legislation that would permit the use of cryptocurrencies. Kenyans Retain Interest in Crypto Despite Government Opposition Kenya is preparing legislation that would allow the use of cryptocurrencies, a senior official in President William Ruto’s government has said. In a statement explaining the policy shift, Kenyan Treasury Cabinet Secretary John Mbadi suggested that embracing cryptocurrencies would enable the East African nation to retain its status as a leader in financial innovation on the continent. According to a report in the Standard, this policy change marks a departure from the previous Kenyan government’s stance on crypto. As noted in a Bitcoin.com News report, the Kenyan government previously cited concerns about money laundering and terrorism financing as reasons for opposing cryptocurrencies. The association of cryptocurrencies with scams has further deepened the government’s mistrust. However, many Kenyans have continued to embrace cryptocurrencies despite numerous threats and warnings against their use, as evidenced by several studies. Furthermore, the Kenyan Treasury collected $77 million from crypto traders, suggesting that the industry could become an important revenue source for the government. These factors, along with others, have seemingly prompted a rethink by a government that has already embraced bitcoin mining. “Kenya’s financial sector is a beacon of innovation and growth in Africa. The emergence and growth of Virtual Assets (VAs) and Virtual Asset Service Providers (VASPs) have given rise to innovations in the local and international financial system with dynamic opportunities and challenges,” Mbadi said. Although he acknowledged the risks involved in embracing cryptocurrency, Mbadi argued these can be addressed by creating a framework that harnesses the benefits while mitigating the risks. The Kenyan Treasury Cabinet Secretary also revealed that the draft legislation on cryptocurrency use seeks not only to create a “fair, competitive, and stable market” for VAs and VASPs but also to enhance financial literacy. #binance #wendy #kenya $BTC

Kenya Set to Embrace Cryptocurrency: Government Prepares Legislation to Regulate Virtual Assets

Kenya is set to introduce legislation that would permit the use of cryptocurrencies.

Kenyans Retain Interest in Crypto Despite Government Opposition
Kenya is preparing legislation that would allow the use of cryptocurrencies, a senior official in President William Ruto’s government has said. In a statement explaining the policy shift, Kenyan Treasury Cabinet Secretary John Mbadi suggested that embracing cryptocurrencies would enable the East African nation to retain its status as a leader in financial innovation on the continent.
According to a report in the Standard, this policy change marks a departure from the previous Kenyan government’s stance on crypto. As noted in a Bitcoin.com News report, the Kenyan government previously cited concerns about money laundering and terrorism financing as reasons for opposing cryptocurrencies. The association of cryptocurrencies with scams has further deepened the government’s mistrust.
However, many Kenyans have continued to embrace cryptocurrencies despite numerous threats and warnings against their use, as evidenced by several studies. Furthermore, the Kenyan Treasury collected $77 million from crypto traders, suggesting that the industry could become an important revenue source for the government.
These factors, along with others, have seemingly prompted a rethink by a government that has already embraced bitcoin mining.
“Kenya’s financial sector is a beacon of innovation and growth in Africa. The emergence and growth of Virtual Assets (VAs) and Virtual Asset Service Providers (VASPs) have given rise to innovations in the local and international financial system with dynamic opportunities and challenges,” Mbadi said.
Although he acknowledged the risks involved in embracing cryptocurrency, Mbadi argued these can be addressed by creating a framework that harnesses the benefits while mitigating the risks. The Kenyan Treasury Cabinet Secretary also revealed that the draft legislation on cryptocurrency use seeks not only to create a “fair, competitive, and stable market” for VAs and VASPs but also to enhance financial literacy.
#binance #wendy #kenya $BTC
Which country most uses Binance? See the global distribution of visitors to your competitor's website and start tapping into overlooked markets. Binance.com's core audience is located in Turkey followed by Kenya, and India. #india #kenya #naruto82b
Which country most uses Binance?

See the global distribution of visitors to your competitor's website and start tapping into overlooked markets. Binance.com's core audience is located in Turkey followed by Kenya, and India.

#india #kenya #naruto82b
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Bitcoin mining is not 'bad' – When renewable energy and cryptocurrency are both aimed at a green futureIn a recent analysis published by the Northern Forum – a non-profit organization under UNDP Climate Change Adaptation, Bitcoin mining in Kenya is being evaluated as a sustainable model that combines technology and environmental protection. At #Kenya , a large amount of surplus geothermal energy is not being used efficiently. To take advantage of this resource, companies like Gridless have implemented a Bitcoin mining model using clean electricity that was previously wasted, helping to stabilize the power grid while creating additional economic value.

Bitcoin mining is not 'bad' – When renewable energy and cryptocurrency are both aimed at a green future

In a recent analysis published by the Northern Forum – a non-profit organization under UNDP Climate Change Adaptation, Bitcoin mining in Kenya is being evaluated as a sustainable model that combines technology and environmental protection.

At #Kenya , a large amount of surplus geothermal energy is not being used efficiently. To take advantage of this resource, companies like Gridless have implemented a Bitcoin mining model using clean electricity that was previously wasted, helping to stabilize the power grid while creating additional economic value.
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