[kictanet] Central Bank Governor says Kenya not ready for virtual currencies - Standard Digital News

[Ali Hussein]

Barrack

Good point. There is a clear and present danger of missing out on a huge opportunity in this space because of the 'wait & see' attitude from the regulator. 

The ICT Community MUST find a way to engage positively with them to make sure that they understand where we are coming from and we understand where they are coming from. Without this engagement we will continue to speak over each others' heads. 

On Saturday when I posed  the question on Blockchains to the Governor I got the distinct feeling there was a huge discomfort on this issue. I have huge respect for the Governor and I hope he will rise to the challenge. Our very leadership in the tech space depends on it.

That idea of Blockchains discussion at the IGF is becoming increasingly important. 

Ali Hussein
Principal
Hussein & Associates
+254 0713 601113 

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


"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 30 May 2016, at 1:05 PM, Barrack Otieno <otieno.barrack at gmail.com> wrote:
> 
> Hi Ali,
> 
> While the governors point is well noted, shall we continue burying our
> heads in the sand or do we adopt a more pro-active approach towards
> the bit-coin issue.
> 
> Regards
> 
>> On 5/30/16, Ali Hussein via kictanet <kictanet at lists.kictanet.or.ke> wrote:
>> Listers
>> 
>> Central Bank of Kenya (CBK) Governor Patrick Njoroge has again warned that
>> the country must go slow in adopting digital currencies.
>> 
>> This is because Kenya currently doesn’t have systems and capabilities to
>> handle virtual currencies. The CBK is yet to come up with proper policies
>> to regulate these form of currencies such as Bitcoins, also known as
>> currency of the Internet.
>> 
>> Read on:-
>> 
>> http://www.standardmedia.co.ke/mobile/article/2000203442/central-bank-governor-says-kenya-not-ready-for-virtual-currencies
>> 
>> Ali Hussein
>> Tel: +254 713 601113
> 
> 
> -- 
> Barrack O. Otieno
> +254721325277
> +254733206359
> Skype: barrack.otieno
> PGP ID: 0x2611D86A
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