Trade Cabinet Secretary Moses Kuria has urged Kenyans to lead global innovation.
At the Showfa taxi platform inauguration, the CS claimed legalizing the digital currency will not hurt Kenya.
He has requested that the CBK and CA relax their cryptocurrency regulations.
“Will cryptocurrencies only hurt us? No, be more liberal and flexible. I want to talk to Communication Authority and Central Bank regulators. Fortune favors the daring, and John Michuki’s conservatism would have prevented the Mpesa. “Dare to imagine, be original and flexible, and accomplish those things that move with time,” CS Kuria stated.
The CS believes Kenya’s fintech and digital innovations can lead the world.
“It is beyond us now, the current generation, who have this burden put upon us that comes only once in a lifetime, once in history, not to be conservative. change perspective.”
The Senate Standing Committee on Information, Communication, and Technology, led by Trans Nzoia Senator Allan Chesang, is negotiating with CBK to recognize cryptocurrency as legal tender.
The Senate Committee said the action will involve other stakeholders in policymaking relating to the
The standing committee, led by Trans Nzoia Senator Allan Chesang, is to involve stakeholders in developing virtual asset, service provider, and cryptocurrency policies in Kenya.
The group pledged to hasten Central Bank Digital Currency adoption.
Last year, CBK solicited public feedback on its Discussion Paper on Central Bank Digital Currency.
Kenya has the highest cryptocurrency population in 2022, according to UNCTAD.
