Sharp Daily
No Result
View All Result
Friday, June 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

Co-op Bank posts KES 6.9 billion profit in Q1’2025

May 16, 2025
Agriculture And Economy
News

Lets get Kenya out of FATF list

May 9, 2025
News

The downside of Impact Investing

May 2, 2025
News

Leadership challenges at the University of Nairobi

April 24, 2025
News

Easter eggs and earnings: Growing your nest egg with CMMF

April 16, 2025
News

Geoffrey Ruku declares KES 377M net worth during CS vetting

April 15, 2025

LATEST STORIES

How Kenya’s E-Mobility shift could redefine urban planning

June 5, 2025

Economic liberators are the real heroes and heroines of the year

June 5, 2025

Affordable retirement planning for small businesses with CURBS

June 5, 2025

How Kenyan banks can modernize without marginalizing

June 4, 2025

Human rights concerns over activists’ treatment in Tanzania

June 4, 2025

Decoding stock-based compensation

June 4, 2025

Comparative advantage is the secret to real economic take off

June 4, 2025

Understanding inflation and its impact on everyday life

June 4, 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