2020-11-12 15:37 |
The launch coincides with an AKN token listing on the Bittrex cryptocurrency exchange.
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Kenya’s President William Ruto on Wednesday withdrew the controversial finance bill that has sparked widespread protests and violence across the nation. The decision comes after the bill, which includes significant tax hikes, was passed by parliament but met with fierce opposition from the public and led to deadly clashes.
Violence broke out again today in the Kenyan capital of Nairobi, as well as several other towns and villages, as the latest in an ongoing protest against both a proposed financial bill and the nation’s president.
The country will now monetize underutilized energy by mining and jointly develop technology projects.
Notable pro-crypto pressure groups in Kenya and the United States have demanded the release of Binance executives held by the Nigerian government since Feb. 26. Last month, two Binance executives—Tigran Gambaryan and Nadeem Anjarwalla—traveled to Nigeria to address the ongoing issues surrounding the exchange’s operations in the African country.
The Financial Action Task Force has directed Kenya to step up its efforts in prosecuting money laundering activities.
Following a period of feedback collection on central bank digital currencies (CBDCs) earlier this year, Kenya's Central Bank (CBK) has told the public that a CBDC is not a priority.
The central bank released its statement in response to comments on a CBDC discussion paper published in February 2022.