central bank of Kenya

Kenyan Remittances Surged by 20% in H1, North America and Europe-Based Diaspora Contribute Over 80%

<div class=”featured_image_container”> </div> <strong>According to the latest data from the Central Bank of Kenya (CBK), diaspora remittances inflows to the country surged to $1.75 billion in the first six months of 2021. This figure represents a nearly 20% increase from the $1.46 billion recorded in the same period last year. </strong> 2021 Inflows Set to …

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Experts: Regulatory Uncertainty and Slow Embrace Hampering Crypto Growth in Kenya

<div class=”featured_image_container”> </div> <strong>Regulatory uncertainty and the slow embrace of cryptocurrencies continue to be key impediments to the growth of Kenya’s digital currency market, experts say. They also assert that without speedy regulation, which they believe will hasten the adoption of digital currencies, Kenya’s sector will remain open to fraud.</strong> Kenya’s Embrace of Crypto Slow, …

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Kenyan Banks Warn Clients Against Crypto Trading

<div class=”featured_image_container”> </div> <strong>A few Kenyan banks have started sending out warning alerts to clients engaged in cryptocurrency trading to be wary of the associated risks. These warnings have reportedly been sent to clients who have “used their credit and debit cards to buy cryptocurrencies on crypto exchanges.”</strong> Crypto Trading Risks According to a local …

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