Sign In or Register | Tuesday, July 16, 2019
AfricaTeam,   12/15/2015 6:26:23 PM Add AfricaTeam as a Friend | Send Message
Africa See Profile
Kenya's Central Bank Warns Against Virtual Currency
The Central Bank of Kenya (CBK) has warned that virtual currency is insecure and could fund terrorism, according to the Daily Nation. This comes a day after a court ruled that Safaricom, the nation’s largest cell phone provider, will not have to reinstate access for BitPesa, Africa’s largest bitcoin trading platform, to M-Pesa, the mobile payment service. BitPesa, a bitcoin payments and remittance service which uses the Safaricom telecom, and Lipisha, the payment gateway for both BitPesa and M-Pesa, are suing Safaricom in Kenya, CCN recently reported. Safaricom stopped Lipisha from processing M-Pesa transactions and later reinstated it as long as it terminated its relationship with BitPesa.
Tags:Kenya's Central Bank Warns Against Virtual Currency
Bookmark and Share Email Email to Friends Print Print
Add as a Friend    Send a Private Message    See Profile   
Damn Central Banks everywhere are after Bitcoin. The FIAT Currency overloads
Reply    Favorite    Flag as Abusive    Posted at: 12/15/2015 6:44:29 PM
Add as a Friend    Send a Private Message    See Profile   
Though Kenya Govt was pro Bit coin. This isn't good news
Reply    Favorite    Flag as Abusive    Posted at: 12/16/2015 11:54:44 AM
Please Sign In  or Register  to post a comment.

Facebook Twitter YouTube Instagram Linkedin African Music
Most Popular

Post a New Story from your Account, then Vote for it Here by clicking Push
Latest Forums
Egypt AFCON 2019 Egypt 1 Zimbabwe 0      0
Kenya ‘Kenya is the hotbed where all the writing happens. There is high unemployment and a job working from home is coveted. They have good English and low overheads. ‘There are thousands of people in Kenya whose job is to write essays for cheating students. There are several writers in every apartment block.’      0
Madagascar What part of Africa (City/Town) would you guys love to travel to? What would be the ideal price from your location, to your intended destination bearing in mind things like cost of living & other expenses?      0
Mozambique In 2004 A summit of African leaders was thrown into confusion when Mozambique's President Joaquim Chissano addressed the meeting in an African language "Swahili."      1
Egypt Which African team do you expect to progress farthest in the 2018 FIFA Soccer World Cup in Russia?      2
Morocco Morocco Loses 2026 World Cup Hosting Bid To USA, Canada, and Mexico      1
Latest Polls
    Nigeria    Kenya    
South Africa    Ghana    
Egypt    Ethiopia    Zimbabwe    Uganda    Tanzania    
Africa    Kenya a Hot bed of Investments    Test    Pope Francis On Safari In Kenya    Malawi    Sudan    The 2nd Pan-African Cultural Festival Photos    Tunisia    2010 World Cup Draw: Which Country Has the Hottest Fans?    Somalia    
Site Map | Help | Send Feedback | Contact us | User Agreement | Privacy | About us | Advertise
Copyright © 2016-2017 Africa Updates Inc. All rights reserved