Central Bank of Kenya Governor: Cryptocurrencies Have a Place and Seem Like Speculative Assets
The Central Bank of Kenya Governor has said that cryptocurrencies have a place in the current economy and this needs to be mapped out.
According to the governor, bitcoin and other cryptocurrencies seem more like a speculative asset than anything else, which may point to the direction the regulator is considering when it comes to regulation.
The governor highlighted that CBK is in talks with its counterparts around the world concerning cryptocurrencies, and the fact that CBK is also involved in these high-level talks on the margins. His comments may likely provide insights into how governments around the world are looking at cryptocurrencies around the world and how to regulate them.
Learn more about Cryptocurrency regulations in Kenya, their adoption, and what to get involved here at www.bitcoinke.io