<div dir="ltr">I'd be most interested in the source of that KES 163B figure (1.58B $).<div><br></div><div>The BDA article makes no mention of Citi's view on the upside potential of other platforms and blockchain in general. </div><div><br></div><div><a href="http://kenyanwallstreet.com/kenya-among-countries-world-highest-per-capita-holding-bitcoin-citi">http://kenyanwallstreet.com/kenya-among-countries-world-highest-per-capita-holding-bitcoin-citi</a><br></div></div><div class="gmail_extra"><br><div class="gmail_quote">On Mon, Jan 15, 2018 at 11:51 AM, Ali Hussein via kictanet <span dir="ltr"><<a href="mailto:kictanet@lists.kictanet.or.ke" target="_blank">kictanet@lists.kictanet.or.ke</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div dir="ltr"><div class="gmail_default"><font face="georgia, serif" color="#000000">Listers</font></div><div class="gmail_default"><font face="georgia, serif" color="#000000"><br></font></div><div class="gmail_default"><font face="georgia, serif" color="#000000">Interesting warning from Citibank.</font></div><div class="gmail_default"><font face="georgia, serif" color="#000000"><br></font></div><div class="gmail_default"><font face="georgia, serif" color="#000000">Citibank analysts have warned that Kenyans have accumulated holdings of bitcoin estimated at more than Sh163 billion, which could cause widespread disruption to the economy were the cryptocurrency to collapse.<br></font></div><div class="gmail_default"><div style="box-sizing:border-box;margin:0px;padding:0px;border:0px"><p style="box-sizing:border-box;margin:1.5rem 0px 0px;padding:0px;border:0px"><font face="georgia, serif" color="#000000">The Citi study reveals a rising popularity of the virtual currency despite regular warnings by regulators, citing a lack of legal backing.</font></p><p style="box-sizing:border-box;margin:1.5rem 0px 0px;padding:0px;border:0px"><font face="georgia, serif" color="#000000">Read on:-</font></p><p style="box-sizing:border-box;margin:1.5rem 0px 0px;padding:0px;border:0px"><a href="https://www.businessdailyafrica.com/news/Citi-warns-over-risk-of-Kenya-bitcoins/539546-4263658-mhoko2z/index.html" target="_blank"><font face="georgia, serif">Citibank warns of over risk of Bitcoin investment in Kenya</font></a><br></p></div></div><div class="gmail_default"><font face="georgia, serif"><br></font></div><div class="gmail_default"><font face="georgia, serif"><br></font></div><div class="gmail_default"><font face="georgia, serif"><br></font></div><div><div class="m_-6758622777695999702gmail_signature"><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div dir="ltr"><p style="margin:0in 0in 0pt"><b><font face="georgia, serif" size="2">Ali
Hussein</font></b></p><p style="margin:0in 0in 0pt"><b><font face="georgia, serif" size="2">Principal</font></b></p><p style="margin:0in 0in 0pt"><font face="georgia, serif" size="2"><b>Hussein & Associates</b></font></p><font size="2">

</font><p style="margin:0in 0in 0pt"><font size="2"> </font></p><p style="margin:0in 0in 0pt"><font size="2"><span style="font-family:georgia,serif"><span>T<font size="2">el: +254 713 60<font size="2">1113</font></font><br></span></span></font></p><p style="margin:0in 0in 0pt"><font size="2"><span style="font-family:georgia,serif"><span>Twitter: @AliHKassim</span><span></span></span></font></p><font size="2"><span style="font-family:georgia,serif">

</span></font><p style="margin:0in 0in 0pt"><font size="2"><span style="font-family:georgia,serif"><span>Skype: abu-jomo</span></span></font></p><p style="margin:0in 0in 0pt"><font size="2"><span style="font-family:georgia,serif"><span>LinkedIn: <a href="http://ke.linkedin.com/in/alihkassim" target="_blank">http://ke.linkedin.com/in/<wbr>alihkassim</a></span><a href="http://ke.linkedin.com/in/alihkassim" target="_blank"><span style="color:windowtext;text-decoration:none"></span></a></span></font></p><p style="margin:0in 0in 0pt"><font size="2"><span style="font-family:georgia,serif"><br></span></font></p><p style="font-size:small;margin:0cm 0cm 0.0001pt;background-image:initial;background-position:initial;background-repeat:initial"><span style="font-size:9pt;font-family:georgia;color:black">13th Floor , Delta Towers, Oracle Wing,</span><span style="font-size:9.5pt;font-family:arial"></span></p><p style="font-size:small;margin:0cm 0cm 0.0001pt;background-image:initial;background-position:initial;background-repeat:initial"><span style="font-size:9pt;font-family:georgia;color:black">Chiromo Road, Westlands,</span><span style="font-size:9.5pt;font-family:arial"></span></p><p style="font-size:small;margin:0cm 0cm 0.0001pt;background-image:initial;background-position:initial;background-repeat:initial"><span style="font-size:9pt;font-family:georgia;color:black">Nairobi, Kenya.</span></p><font size="2"><span style="font-family:georgia,serif"><span><br><font size="1">Any information of a personal nature expressed in this email are purely mine and do not necessarily reflect the official positions of the organizations that I work with.</font></span></span></font><span style="font-family:"Baskerville Old Face",serif;font-size:11pt"></span><span style="font-size:11pt"></span>

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The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform for people and institutions interested and involved in ICT policy and 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.<br>
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<br></blockquote></div><br><br clear="all"><div><br></div>-- <br><div class="gmail_signature" data-smartmail="gmail_signature">Josiah Mugambi</div>
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