Russian Ponzi scheme MMM still doing business in Kenya

Russian Sergey Mavrodi. Mavrodi started the new Bitcoin-based Ponzi scheme known as MMM. FILE PHOTO

What you need to know:

  • A Citibank research that revealed that bitcoin holdings in Kenya are about 2.3 per cent of the Gross Domestic Product.
  • The CBK Governor, Dr Patrick Njoroge, has warned those trading in cryptocurrencies that the bubble might soon bust on them.

Kenyans are gullible.

Welcome!

You're all set to enjoy unlimited Prime content.