Kenya’s central bank governor finally sees the push for Bitcoin

in #bolds • 2 years ago

Central Bank of Kenya Governor Patrick Njoroge has admitted that he was under external pressure from cryptocurrency enthusiasts to convert the country's reserves to Bitcoin (BTC).

In a meeting with lawmakers on September 19, Njoroge described the plan as crazy, adding that converting assets into bitcoin would be risky due to the volatile nature of the digital commodity.

In addition, he indicated that lawmakers may be under pressure to influence the legislative process in favor of cryptocurrency adoption.

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2 years ago in #bolds by
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