A Kenyan government think tank has opened the door for possible crowdfunding and cryptocurrency use by its small and medium-sized enterprises (SMEs) sector – and says it has spoken to the country’s central bank about the issue.
Per a report in Kenyan newspaper the Daily Nation, a government-appointed blockchain taskforce headed by Bitange Ndemo, formerly a high-ranking official at the Ministry of Information and Communication, says it wants to create an African Digital Asset Register. The register, it says, will be used to “raise funds for nurturing small enterprises, allowing them to list on theNairobi Securities Exchange(NSE).”
The media outlet quotes Ndemo as saying, “Once in place, the register will start to raise funds through Initial Coin Offerings (ICOs).”
In January, however, Kenya’s central bank issued a stark warning about cryptocurrency investment and said it was prepared to consider placing regulations on the country’s cryptocurrency-related firms.