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Is a Central Bank of Kenya Threatened by Bitcoin?

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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


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