The Central Bank of Kenya (CBK) has warned that virtual currency is insecure and could fund terrorism, according to the Daily Nation. This comes a day after a court ruled that Safaricom, the nation’s largest cell phone provider, will not have to reinstate access for BitPesa, Africa’s largest bitcoin trading platform, to M-Pesa, the mobile payment service.
BitPesa, a bitcoin payments and remittance service which uses the Safaricom telecom, and Lipisha, the payment gateway for both BitPesa and M-Pesa, are suing Safaricom in Kenya, CCN recently reported. Safaricom stopped Lipisha from processing M-Pesa transactions and later reinstated it as long as it terminated its relationship with BitPesa.
https://www.cryptocoinsnews.com/kenyas-central-bank-warns-virtual-currency-amidst-access-conflict/
Topic: [2015-12-15] Kenya's Central Bank Warns Against Virtual Currency (Read 203 times)
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