[kictanet] Public Notice by CBK on Virtual Currencies

[Ali Hussein]

Josiah

Umeongea kama wazee kumi! (spoken like 10 wise men!)

Ali Hussein
Principal
Hussein & Associates
+254 0713 601113 / 0770906375

Twitter: @AliHKassim
Skype: abu-jomo
LinkedIn: http://ke.linkedin.com/in/alihkassim
Blog: www.alyhussein.com

"Discovery consists in seeing what everyone else has seen and thinking what no one else has thought".  ~ Albert Szent-Györgyi

Sent from my iPad

> On 15 Dec 2015, at 1:24 PM, Josiah Mugambi via kictanet <kictanet at lists.kictanet.or.ke> wrote:
> 
> BitPesa requires proof of identity before use. I found it quite lengthy and a tad tedious while signing up sometimes back. That somewhat takes care of KYC procedures though.
> 
> I think CBK are obligated to make this position as a caveat emptor. An idea for them might be to use this case with BitPesa as a pilot with the view of coming up with regulations. Especially as cryptocurrencies are not going away any time soon.
> 
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