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Bitcoin Kenya Meet up Nov 5

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A cursory look at what regulators and government authorities all over have to say about new forms of digital currency.

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Bitcoin Kenya Meet up Nov 5

  1. 1. 9 , . , U100Africa . _ ‘ ‘® 1 U1 1 Digital Currency 0 1 U Ulkssociation - . - . ._; _J__. ... n ,
  2. 2. To Receive hitcoins, please open a Bitcoin wallet at w'. ':w. h|uc! ;chain. infn/ wallet (PC) «r. - Download Mycellium Biicoin ‘. '.’a| lei (android) Blockchain Wallet app (apple) Easy as email!
  3. 3. What is the problem with current Online payment methods? Lumlzglasneran Damn Amfins wanna Hstnrr Resolmmcerw Prat Fee R; -cuss: Pam P: vPal Fnrxnshln 9I, !lGK To Free I. 'rna'aw Cornered Prune: From
  4. 4. The Real Value Of Bitcoin Explained: 5 min video https: //lwiw. youtube. com/ watch? v=YlllAluSLHSU
  5. 5. New forms of digital currency have prompted thoughts on regulatory frameworks @ Kenya Airways ‘C/ ../ ).. .(. .»{/ -(. ... . ‘ I‘ ‘ JC ‘ 5000 f/ ?,, ChamaPesa [' ‘WV , ripple
  6. 6. Regulatory 8 Legislation Digital Currency concerns + Legal and Accounting problems + Entity requirements + Settlement risk + Auditability + Counterfeiting accusations + Money laundering and finance of crime + Tax evasion prevention + Consumer protection requirements + Reverse and chargeback transactions
  7. 7. Bitcoin ISO-Certified Currency — ' ' 7.: ... ... .. Bevlosa R“: _ —S“"'""‘rRa"' Code Formal Application 1’ W5 3,_, _, M, 47.35 i _49.§ rm: ,4‘: £‘_i 13;“? 4,23 q 4.88 l ' l-~ 37.45 33-94 E V . ' -' v '. at — r 5-r«, L*-_ £2 nu: 9.321 10.28 . '02 ~. ,, g ,7’ pas . -,7 xix» 7 31.7678 33_35 ’ _ , ' I V r em: 3.77 4.00 ‘ . ' 'l ‘ ’ A ~ — — C :4‘ M" 2'°3‘, l o. o33 f-. - ”"' £41 0.76 1_ 1 ' -‘L i ‘A! ' ISO 4217 list dollars uso ‘Kenya shillings KES Gold XAU. Bitcoin proposed XBT
  8. 8. LEG| SLAT| [lNZpermissive Contentious hostile unknown
  9. 9. financial institutions and payment companies cannot give pricing in Bitcoin, buy and sell or insure products the virtual currency
  10. 10. South African Reserve Bank [SARB] actively monitoring developments around virtual currencies to inform future regulatory approaches
  11. 11. VT" ‘fr: -r. -.M “ " l": 'rLl7 . ;.~'. .‘. I:r '. '§"‘I_, '., l'l, ;tI '. :.l. ;llulii. */ ¢‘«L[*~, .!_r: V“' The Bank of England ls Impressed With Bitcoin's Block Chain
  12. 12. Digital Currency Regulation in Kenya "Regulation and innovation have to find an optimum coexistence" Central Bank of Kenya http: //www. gsma. com/ mobi| efordevelopment/ wp- contentluploadsl2014/08INPSRegulationsLega| NoticeNo-2- 109.pdf afi report www. afi- alliance for financial inclusion global. org/ sites/ defaultlfileslGPF_Gerald_Nyaoma. pdf M-PESA: Mobile Money for the “Unbanked": Turning Cellphones into 24-Hour Tellers in Kenya http: //www. gsma. com/ mobi| efordeve| opment/ wp- contentluploadsl2012/06/innovationsartic| eonmpesa_0_d_1 £i. pdf
  13. 13. eam EBI: |'qUlCK Ghana bit 8 Kenya
  14. 14. QUESTIONS 8. ACTIVITY email mkimani@africandca. org for detailed slide notes
  15. 15. rt l— at ‘ 3 x 5 gas lm K . vg — 9 V 1-‘ -9 v - mi 4 4 . ~ 4, ‘< .1 4 . 1 up &; - 0' _ _. J'v , g ’ ‘.4'~ v ( . -I ' r ‘ ‘ I . I‘ . ,2. ‘ . K b 7 1‘ ‘ ‘,4 . u . _ I . ) I ‘ 1 . ‘. , . ' r. 1 r / ’ - - : iliH0lICl§1J(L'( W4.“ .1] ’ l ‘ * A I'YIc; c:fL-,0 5 ~ - » Nov 20“ lnioi(). ~:ii: ’l . >:imi: ‘lc. .alrg

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