Sharp Daily
No Result
View All Result
Monday, October 6, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Govt shifts stance on cryptocurrencies, invites consultant for regulation review

Brenda Murungi by Brenda Murungi
May 3, 2024
in News
Reading Time: 1 min read

The Kenyan government has taken a new approach towards cryptocurrencies by inviting a consultant to review the existing regime, diverging from the previous strict stance upheld by the Central Bank of Kenya (CBK).

President William Ruto disclosed that Marathon Digital Holdings has been engaged to consult with the National Treasury and the Ministry of Energy regarding cryptocurrency regulations.

Marathon Digital Holdings, known for its prominent Bitcoin mining operations in North America, will also discuss energy requirements related to cryptocurrency mining with the Ministry of Energy.

This shift marks a departure from CBK’s 2015 warning against cryptocurrencies like Bitcoin, emphasizing their lack of legal tender status in Kenya and associated risks, including susceptibility to criminal activities like money laundering and terrorism financing.

RELATEDPOSTS

All you need to know about the Cytonn Money Market Fund

May 16, 2025

Kenya to allocate KES 1.82 billion for cryptocurrency regulation

January 15, 2025

The President made these announcements during the AMCHAM Business Summit in Nairobi, attended by notable figures such as United States Secretary of Commerce Gina Raimondo and Kenya’s Investment and Trade Cabinet Secretary Rebecca Miano, among others.

Previous Post

Family trusts to be taxed in Finance Bill 2024

Next Post

Insurance, a vital tool for resilience among Kenyan SMEs

Brenda Murungi

Brenda Murungi

Related Posts

News

Kenya Q2’ 2025 GDP growth accelerates to 5.0%

October 3, 2025
News

Argentina’s crisis and Kenya’s lessons on political economy and market confidence

September 25, 2025
News

Kenya’s financial system remains stable but faces rising risks

September 25, 2025
News

Where do Kenyan stock returns come from? A napkin framework

September 19, 2025
News

September snapshot: CMMF yields 13.12% as month unfolds

September 5, 2025
Private equity investment business concept
News

Private equity and insurance

September 4, 2025

LATEST STORIES

The Role of Micro-Pensions Plans in Kenya

October 3, 2025

Understanding the link between international aid and cooperative finance stability in Sub-Saharan Africa

October 3, 2025

Kenya Pipeline Company IPO

October 3, 2025

Kenya Q2’ 2025 GDP growth accelerates to 5.0%

October 3, 2025

Kenya’s Regulated SACCOs Cross Trillion Shilling Mark

October 2, 2025

Post-September review: What CMMF did and what’s next

September 26, 2025

Strengthening water utilities through efficiency and accountability

September 26, 2025

Retirement Benefits Schemes Trustee Governance in Kenya

September 26, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024