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.


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