7:00-12:00 Keywords: Kenya, Polymarket, Bitwise 1. The X account of Aiccelerate DAO is suspected to be frozen by the platform; The draft Kenyan crypto legislation will be open for public comment until January 24. 3. Sources: Polymarket has been designated as a gaming site in Singapore and blocked. 4. Trump nominated Treasury Secretary Bessent to promise to sell his hedge fund shares if confirmed. 5. Bitwise reports that 99% of financial advisors who have invested in cryptocurrencies plan to main...
John Mbadi, Kenya's finance minister, said the government was working to establish a legal and regulatory framework for cryptocurrencies and had drafted a draft proposal for a "National Policy on Virtual Assets and Virtual Asset Service Providers", which aims to create a fair, competitive and stable market for cryptocurrencies while addressing risks such as money laundering, terrorism financing and consumer protection. The draft proposes to establish a comprehensive legal and regulatory framewor...
Kenya is preparing legislation to legalize cryptocurrencies, Kenya's Cabinet Minister of Finance John Mbadi said on Friday, marking a major shift in the government's stance. Cryptocurrencies are banned in Kenya, but are still widely used underground by the public to circumvent restrictions. "The emergence and development of virtual assets and virtual asset service providers has brought innovation and dynamic opportunities and challenges to the local and international financial system," Mbadi sai...
The International monetary fund (IMF) has recommended that Kenya create a clear and predictable regulatory environment for the cryptocurrency market to protect consumers and address anti-money laundering (AML) and counter-terrorism financing (CFT) related risks. The IMF noted that Kenya's current reliance on outdated regulations in traditional markets and the lack of legally binding regulation of the crypto market have led to an increase in crypto-related fraud and criminal activity. The IMF rec...
According to Bitcoin Magazine, the Kenya National Fire Protection Association has added bitcoin to its balance sheet.
Kenya's main stock exchange, the Nairobi Stock Exchange (NSE), has joined the Hedera Council to accelerate the tokenization program using the Hedera network. By joining Hedera, the Kenya Exchange becomes the 32nd member of the group that manages the network. As a board member, the NSE will run a node and have an equal vote in managing Hedera's software and services. Other prominent members of the Hedera board include tech giants Google and IBM, as well as telecoms company Deutsche Telekom.
21:00-7:00 Keywords: Kenya, Russia, Norway 1. President of Kenya announces measures to curb AI misinformation; 2. Russia will regulate cross-border crypto payments by the end of November. 3. Electricity bills per household skyrocketed by $300 after a ban on bitcoin mining in a Norwegian town. 4. Huili Bank CEO: No one in the world uses the name virtual bank. 5. Hyblock Capital: The bitcoin market has dried up deeply, which may indicate a bullish bitcoin price. 6. Founder of Cyber Capital: The cr...
President William Ruto of Kenya announced measures to prevent artificial intelligence (AI) from spreading misinformation and launched the fifth edition of the National Open Government Partnership Action Plan. The plan aims to promote international cooperation to ensure the ethical use of AI. President Ruto said the government will implement regulatory measures to prevent the misuse of new technologies, including AI, that could threaten democratic institutions. The plan also includes...
Nicole Shanahan, the running mate of U.S. presidential candidate Robert F. Kennedy Jr., said they are considering withdrawing from the presidential race and endorsing Donald Trump.
Robert F. Kennedy Jr., the US presidential candidate who said only bitcoin could guarantee the dollar's reserve currency status, argued that US policymakers had quickly woken up to the "inevitability" of bitcoin and were scrambling to develop a coherent digital asset strategy to preserve the country's fiscal dominance.
The Kenya National Police Service Criminal Investigation Institute (DCI) released an official statement on June 14, 2024, announcing that it had dropped its investigation into Worldcoin. The statement is an official response to a request for an update on the status of the investigation filed by Worldcoin lawyers in May 2024. DCI noted that Kenya's Public Prosecution Service has agreed and ordered the closure of the Worldcoin case and that the police will take no further action. After the investi...
Bitcoin miner Marathon Digital (MARA) has held talks with Kenya to help manage the country's renewable energy through mining and develop its crypto regime. "We have been working closely with the Kenyan government on how to optimise and monetize renewable energy assets," Jayson Browder, vice-president of government affairs at Marathon Digital, said in an interview. Kenyan President William Ruto recently met Marathon Digital during a US Chamber of Commerce event in Kenya.
According to two sources, Kenyan military chief Francis Ogolla was killed in a helicopter crash.