It appears that a Central Bank of Kenya considers bitcoin, and cryptocurrencies in general, to be a threat, and has released a matter troublesome a use of bitcoin in Kenya.
Their justification for this position is their arrogance that a unregulated inlet of a Bitcoin custom encourages a use for terrorism and income laundering, even going so distant as to place a notice in journal ads.
Here’s a public notice [PDF].
As a Bitcoin custom allows for counterpart to counterpart sell between people, but a need of an surrogate who adds no value to a transaction, a usually office a CBK can truly practice is over Kenya’s inhabitant currency, a Kenyan Shilling (KES). As any sell representative that provides a services of exchanging fiat inhabitant currencies to/from bitcoin, they have to take into care and contend with a laws ruling a fiat currencies that they are transacting with.
It seems that a CBK has a singular bargain of a full operation of facilities accessible within a blockchain, that embody a advantages of faster transaction times, eccentric corroboration of payments without