Central Bank of Kenya Advises Public to Desist from Using Bitcoin | Finance Magnates

The Central Bank of Kenya (CBK) has issued a public notice titled, “Caution to the Public on Virtual Currencies Such as Bitcoin”.

In it, the Bank emphasizes that bitcoin is unregulated and “not issued or guaranteed by any government or central bank.”

Therefore: “No protection exists in the event that the platform that exchanges or holds the virtual currency fails or goes out of business.”

Source: Central Bank of Kenya Advises Public to Desist from Using Bitcoin | Finance Magnates