<div dir="ltr"><div dir="ltr"><div>As the digital currency(Just a ledger) will be 1:1 to all other forms of money that CBK has the legal right to issue, the question I ask is why every adult/person who has reached the age of consent doesn't have an account directly with the #CBK.<br></div><div><br></div><div>It'll avoid inefficiencies such as going through intermediaries or special purpose vehicles when a nation is writhing in economical crisis such as what the last 2 years has been. As Scott Galloway has said during the pandemic "we need to be very harsh on companies but compassionate on households and people. You put money in people's pockets and they will spend it!". It would also spare the theatrics like what we saw in the US of cheques/checks containing an individual's signature.</div><div><br></div><div>Also an idea I have heard and thought of in matters UHC. It involves the gov't/CBK directly depositing/marking up funds in your account every fiscal year and if you don't exhaust it you get to spend it on a holiday or anything else.</div><div><br></div><div>Yours Kindly,</div><div>Adrian<br></div></div><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Thu, 10 Feb 2022 at 13:47, <<a href="mailto:kictanet-request@lists.kictanet.or.ke" target="_blank">kictanet-request@lists.kictanet.or.ke</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex">Send KICTANet mailing list submissions to<br>
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Today's Topics:<br>
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1. Can Digital Currency Help Kenya? CBK Has a Discussion Paper<br>
(David Indeje)<br>
<br><br><br>---------- Forwarded message ----------<br>From: David Indeje <<a href="mailto:davidindeje@gmail.com" target="_blank">davidindeje@gmail.com</a>><br>To: KICTAnet ICT Policy Discussions <<a href="mailto:kictanet@lists.kictanet.or.ke" target="_blank">kictanet@lists.kictanet.or.ke</a>><br>Cc: <br>Bcc: <br>Date: Thu, 10 Feb 2022 13:43:43 +0300<br>Subject: [kictanet] Can Digital Currency Help Kenya? CBK Has a Discussion Paper<br><div dir="ltr"><div style="font-family:comic sans ms,sans-serif"><img src="cid:ii_kzgunjbd0" alt="image.png" width="452" height="451"><br></div><div style="font-family:comic sans ms,sans-serif">Listers,</div><div style="font-family:comic sans ms,sans-serif"><br></div><div style="font-family:comic sans ms,sans-serif">As Central Banks explore possibilities of rolling out 'Central Bank Digitial Currency" - CBDC, Kenya is not being left out with an aim of meeting its future payments needs in a digital economy. </div><div style="font-family:comic sans ms,sans-serif"><br></div><div style="font-family:comic sans ms,sans-serif">As a result, the Central Bank of Kenya has developed a discussion paper centre on:</div><div style="font-family:comic sans ms,sans-serif"><br></div><div style="font-family:comic sans ms,sans-serif"><ol><li> Kenya’s Payments Landscape</li><li>
CBDC: Opportunities and Risks
</li><li>Overview of Other Jurisdictions’ CBDC Projects and<br></li><li> Applicability of CBDC in Kenya </li></ol></div><div style="font-family:comic sans ms,sans-serif"><br></div><div style="font-family:comic sans ms,sans-serif"> "It is quite apparent that CBDCs are receiving more attention than ever before. However, a key point
to note is that despite the traction in attention, the motivations for the issuance of CBDCs vary across
countries, as do the policy approaches and technical designs. Further, CBDC design and the potential
benefits of a Kenyan CBDC remain unclear, similar to many jurisdictions across the world. Issuing a
CBDC could also pose considerable risks." CBK at it Conclusion. Find a link to the paper </div><div style="font-family:comic sans ms,sans-serif"><a href="https://www.centralbank.go.ke/uploads/discussion_papers/CentralBankDigitalCurrency.pdf" target="_blank">https://www.centralbank.go.ke/uploads/discussion_papers/CentralBankDigitalCurrency.pdf</a> <br></div><div style="font-family:comic sans ms,sans-serif"><br></div><div style="font-family:comic sans ms,sans-serif">This leads us to "Towards an Inclusive and Sustainable Fintech Ecosystem in Kenya" which looked at the current outlook, challenges and policy options for the Fintech Sector in Kenya.</div><div style="font-family:comic sans ms,sans-serif"><br></div><div style="font-family:comic sans ms,sans-serif"><a href="https://www.kictanet.or.ke/mdocs-posts/towards-an-inclusive-and-sustainable-fintech-ecosystem-in-kenya/" target="_blank">https://www.kictanet.or.ke/mdocs-posts/towards-an-inclusive-and-sustainable-fintech-ecosystem-in-kenya/</a> <br></div><div style="font-family:comic sans ms,sans-serif"><br></div><div style="font-family:comic sans ms,sans-serif">Adios!! </div><div style="font-family:comic sans ms,sans-serif"><br></div><div><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><p style="font-size:12.8px;margin-top:6pt"><font face="trebuchet ms, sans-serif" color="#990000"><b><span style="font-size:10pt" lang="EN-GB"></span></b></font></p><div style="font-family:"comic sans ms",sans-serif;display:inline"><font face="trebuchet ms, sans-serif" color="#990000"><b> </b></font></div><div style="font-size:12.8px;font-family:"comic sans ms",sans-serif;display:inline"><font face="trebuchet ms, sans-serif" color="#990000"><b> </b></font></div><font style="font-size:12.8px" face="trebuchet ms, sans-serif" color="#990000"><b>Kind Regards,</b></font><p style="font-size:12.8px;margin-top:6pt"><font face="trebuchet ms, sans-serif" color="#990000"><b></b></font></p><p></p><p style="font-size:small"></p><p style="font-size:12.8px;margin-top:6pt"><font face="trebuchet ms, sans-serif" color="#990000"><b><span style="font-size:10pt" lang="EN-GB">David Indeje <br></span></b></font><span style="font-family:"trebuchet ms",sans-serif;font-size:12.8px"><span style="font-size:10pt" lang="EN-GB"><font color="#20124d">_____________________________________</font></span></span></p></div><div dir="ltr"><img src="https://cytonn.sheerhr.com/signature/icon/ico-phone.png" alt="" style="color: rgb(74, 74, 74); font-family: Arial, sans-serif; font-size: 13px; max-height: 15px; vertical-align: bottom; width: auto;" border="0"><span style="color:rgb(74,74,74);font-family:Arial,sans-serif;font-size:13px">+254 (0) 711 385 945 | +254 (0) 734 024 856</span></div><div dir="ltr"><img src="https://docs.google.com/uc?export=download&id=1PHxuwJEKaK1n1oAQ2HbhagcHhazV66kI&revid=0B1d0lIQ45_e5dmFlME9uTWRTT2dmTStPQWwwTUg3OVJ1TlI0PQ" alt=""><a href="https://www.linkedin.com/in/david-indeje/" target="_blank"><img src="https://docs.google.com/uc?export=download&id=1_TFECFYwiX8HzE2UA0dQor_TxoWNVuOk&revid=0B1d0lIQ45_e5N04yL1piRUxEVzFieHdscmdRKythcG0rMDVrPQ"></a></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
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