[kictanet] Safaricom can now suspend Lipisha Consortium and Bitpesa Ltd services

Wed Dec 16 10:55:41 EAT 2015

Just thinking. Is there just a better time for equitel to shine :)

On Tue, Dec 15, 2015 at 11:37 PM, Grace Githaiga via kictanet <
kictanet at lists.kictanet.or.ke> wrote:

> In light of today's debate on the notice issued by CBK on virtual
> currencies, here is an update of a related story
>
>
> http://www.nation.co.ke/business/safaricom-suspends-companyies/-/996/2998070/-/131d2e5/-/index.html
>
> ------------------------------
> Date: Tue, 15 Dec 2015 14:13:47 +0300
> Subject: Re: [kictanet] Public Notice by CBK on Virtual Currencies
> From: kictanet at lists.kictanet.or.ke
> CC: ali at hussein.me.ke
> To: ggithaiga at hotmail.com
>
> Josiah
>
> Umeongea kama wazee kumi! (spoken like 10 wise men!)
>
> *Ali Hussein*
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> 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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> regulation. The network aims to act as a catalyst for reform in the ICT
> sector in support of the national aim of ICT enabled growth and development.
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