World’s digital currency – bitcoin has failed. Bitcoin’s lead developer Mike Hearn provided that he was ending his involvement with the cryptocurrency and selling all of his remaining holdings because Bitcoin has failed. The senior developer would like to be dissociated from the web-based currency despite the fact that he spent about 5 years developing …
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.”