The Central Bank of Kenya has warned against the use of Bitcoin and other unregulated digital currencies in Kenya saying they are insecure and could be used to fund terrorism. FILE PHOTO | JENS KALAENE
The Central Bank of Kenya Tuesday joined other regulators around the world ratcheting up warnings against the use of virtual currency Bitcoin, saying it carries risk.
The regulator said, that it should not “be held liable for any losses” incurred by consumers using digital currencies to settle transactions, as the digital currency is not a legal tender in the country.
