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An online financial institution has appealed to the Government to introduce regulations to govern their operations on forex trading. VIP Portal Incorporated (INC) officials said they are being harassed and extorted by police for operating illegally whereas there is no law that guides their operations.
"Let the Government assist us by introducing regulations that will guide how we operate. We should not be branded a pyramid scheme and accused of illegally operating unregistered forex bureau when there is no law that guides us," the organisation's director Charles Njuguna said during a press briefing at a Nairobi hotel.
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