Kenya prepares legislation to legalize cryptocurrency

According to a report by Golden Ten, Kenyan Finance Minister John Mbadi stated on Friday that Kenya is preparing legislation to legalize cryptocurrency, marking a significant shift in the government's stance. Kenya prohibits the use of cryptocurrency, but the public still widely uses it underground to circumvent restrictions. The emergence and development of virtual assets and virtual asset service providers have brought innovation, dynamic opportunities, and challenges to both local and international financial systems, "said Mbadi in a statement outlining the new policy