[kictanet] Public Notice by CBK on Virtual Currencies

[meshack emakunat]

Hello All
did you know that migrant Africans are charged a whole 12% or more on remittances back home from developed countries and that these charges are 2wice the global rate.  and that 66% of the global (to africa) remittances are from MTOs such as Moneygram and Western union
REGARDS
MESHACK
 


    On Wednesday, December 16, 2015 10:52 AM, Ali Hussein via kictanet <kictanet at lists.kictanet.or.ke> wrote:
 

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

Ali HusseinPrincipalHussein & Associates+254 0713 601113 / 0770906375
Twitter: @AliHKassimSkype: abu-jomoLinkedIn: http://ke.linkedin.com/in/alihkassimBlog: www.alyhussein.com

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