New rules proposed by the South Africa Central bank may mean that crypto exchanges and wallet providers will have to register with regulators.
The Capital Markets Authority issued a statement cautioning consumers over the use of KeniCoin crypto tokens and their trading in Kenya. The ICO for the coins was launched publicly in July 2018.
Kenya isn’t playing games when it comes to making headways with blockchain technology.
In an effort to refine its approach to the regulation of cryptocurrencies, the South African government has decided to establish a cryptocurrency asset regulatory working group that will play a key role in investigations and research on digital assets and blockchain technology.