Is CBK warming up to crypto currency?

What you need to know:

  • While at the World Economic Forum at Davos last week, the CBK Governor Dr Patrick Njoroge sent out a flurry of tweets that seemed to warm up to the digital currency or crypto conversation.
  • It is difficult to tell what governance framework he has in mind, when he has not yet outlined the role and depth the he foresees the digital currencies playing within the Kenyan economy.
  • Though developed and introduced to the world ten years ago, the crypto-currencies in the spirit of Bitcoin are basically still at the stage we call the ‘Wild-Wide-West’.
  • It would be interesting to find out exactly what role and depth of crypto activity the CBK governor is willing to experiment with.

While at the World Economic Forum at Davos last week, the CBK Governor Dr Patrick Njoroge sent out a flurry of tweets that caught the crypto enthusiasts in Kenya by surprise and sent them talking.

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