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2019-07-23 06:16:29

Central Bank of Kenya Governor urges caution over Facebook’s Libra

According to a news source at the Telecompaper, the Central Bank of Kenya Governor joins forces with the critics to point out the currency’s potential risks to the community, if not implemented and regulated properly. Besides Bitcoin, Facebook’s Libra is one such currency that has garnered massive-scale support as well as condemnation. It has largely divided the crypto space into two categories – the optimists and the naysayers. While on one hand, the preparations for the Facebook’s Stablecoin launch for next year begin on a grand-scale, on the other, the Central Bank of Kenya (CBK) advises caution against the consequential