Fun

News Feed - 2023-11-07 05:11:11

David Attlee3 minutes agoKenyan lawmakers ask local Blockchain Association to come up with crypto billKenya might become the first country in the world where the industry’s representatives would develop the regulatory framework for crypto.5 Total viewsListen to article 0:00NewsJoin us on social networksKenya might become the first country in the world where the industry’s representatives would develop the regulatory framework for crypto. According to the Blockchain Association of Kenya (BAK), The National Assembly’s Departmental Committee on Finance and National Planning has directed it to prepare the first draft of “what could become a virtual asset service provider’s bill.”


On Oct. 31, the Committee on Finance and National Planning invited the BAK representatives to discuss the digital assets regulation. BAK’s legal and policy director, Allan Kakai, shared the details behind the meeting with the local media:“Basically, we are telling [the] parliament: ‘Look, Kenya has always branded itself as the Silicon Savannah; we are top three for digital assets [volume in Africa], and if we do not develop a clear licensing and regulatory framework, Nigeria, South Africa, Botswana, Namibia, Mauritius would take the lead, and the capital flow that would have come to Kenya would have flocked elsewhere.”


In response, the Committee gave the BAK two months to draft the crypto bill. The message in the Committee’s official X (former Twitter) account notes only that it “urged the Association to undertake robust public education on cryptocurrency trade to demystify it.”


Headline:Kenya to introduce digital IDs for citizens by year-end


In September 2023, Kenya introduced the Financial Act 2023, featuring the requirement for cryptocurrency exchanges to withhold 3% “of the transfer or exchange value of the digital asset.” The BAK, whose members haven’t gotten to dissuade the lawmakers from passing this crypto tax at the meeting in May, filed a complaint against it to the High Court of Kenya.


Kenyan authorities took a harsh stance against the controversial digital ID crypto project Worldcoin, co-founded by Sam Altman, the CEO of OpenAI. A parliamentary committee in Kenya’s government recommended that regulators shut down the project’s operations in the country, citing the personal data harvesting concerns.


Magazine:6 Questions for Lugui Tillier about Bitcoin, Ordinals, and the future of crypto# Africa# Kenya# RegulationAdd reactionAdd reactionRead moreFrom payments to DeFi: A closer look at the evolving stablecoin ecosystemCrypto remittances offer cheaper alternative, but still face challenges to adoptionKenya to introduce digital IDs for citizens by year-end

News Feed

Refinable Authenticates Fine Jewelry Sale on Sotheby’s
Refinable Authenticates Fine Jewelry Sale on Sotheby’s press release PRESS RELEASE. HONG KONG – 10th October 2021– Refinable, a leading decentralized NFT marketplace
Base sets record high DEX volume day, surpassing $1B
Ciaran Lyons3 hours agoBase sets record high DEX volume day, surpassing $1BMost of the trading activity took place on UniSwap, accounting for 64.3% of the volume, followed by Aerodrome Finance at 9.7%, and SharkSwap at 7
UAE Prepares to Launch Nationwide Crypto Licensing System in Line With Global Standards
UAE Prepares to Launch Nationwide Crypto Licensing System in Line With Global Standards The United Arab Emirates (UAE) is getting ready to start issuing federal licenses to cryptoc
Can crypto traders out-predict Wall Street on Coinbase Q1 earnings?
Ciaran Lyons57 minutes agoCan crypto traders out-predict Wall Street on Coinbase Q1 earnings?Coinbase has surpassed EPS estimates for the last four quarters, and crypto analysts expect this trend to continue next week.27
EigenLayer to cough up around 28M more EIGEN after airdrop backlash
Tom Mitchelhill3 hours agoEigenLayer to cough up around 28M more EIGEN after airdrop backlashEigenLayer is handing out an extra 100 EIGEN to 280,000 qualifying wallet addresses after criticism over its first airdrop.1344
Past rate cuts indicate potential crypto bull market catalyst — 21Shares
Vince Quill3 hours agoPast rate cuts indicate potential crypto bull market catalyst — 21SharesThe US Federal Reserve is expected to begin lowering its benchmark interest rate in September.1373 Total views2 Total shares
Prashant Jha9 hours agoWhat criminal charges for Celsius ex-CEO mean for crypto industryThe former CEO of the troubled crypto lender faces multiple charges of fraud and market manipulation as U.S. regulators eye crypto m
Paypal Begins Crypto Service: CEO Reveals Increased Limits, Expansion Plans, Venmo Rollout
Paypal Begins Crypto Service: CEO Reveals Increased Limits, Expansion Plans, Venmo Rollout Payments giant Paypal has revealed more details of its new cryptocurre
2025 Crypto Forecast: Four-Year Cycle Points To Peak In Q2/Q4, Expert Advises Caution
Este artículo también está disponible en español. As the market approaches the end of 2024, the crypto landscape is teeming with speculation and anticipation. A recent re
ETH Compatible BCH Sidechain Smartbch Successfully Launches Three Nodes
ETH Compatible BCH Sidechain Smartbch Successfully Launches Three Nodes The day before the fourth Bitcoin Cash anniversary, the Smart Bitcoin Cash team (Smartbch
DCG Reaches $10 Billion Valuation in Secondary Sale Led by Softbank and Capitalg
DCG Reaches $10 Billion Valuation in Secondary Sale Led by Softbank and Capitalg Digital Currency Group (DCG), a Manhattan-based, crypto-focused VC conglomerate, has reached a $10
USDC’s Market Cap Sheds Close to $4 Billion in Less Than 20 Days, Binance’s BUSD Climbs 3%
USDC’s Market Cap Sheds Close to $4 Billion in Less Than 20 Days, Binance’s BUSD Climbs 3% 19 days ago, usd coin (USDC), the second largest stablecoin by market capitalization,