Kenya’s Treasury Gets Two-Week Ultimatum to Decide Fate of Cryptocurrency

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The Kenyan Parliament has given the national treasury cabinet a period of two weeks to decide whether cryptocurrencies should be recognized as a form of legal tender.

According to a report by BitcoinAfrica, the secretary for Kenya’s National Treasury, Henry Rotich, was recently queried by the parliament as to why residents were allowed to trade in cryptocurrencies despite the lack of regulations and proper license or taxation by the Finance and National...

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