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Kenya's Capital Markets Authority moots new unit to police digital currency trading

The bitcoin economy (PHOTO: Reuters)

NAIROBI, KENYA; The Capital Markets Authority (CMA) has proposed the creation of a special unit to deal with issues arising from the growing popularity of cryptocurrencies.

In the proposal, the capital markets regulator says the special unit would be an arm of all relevant regulators such as itself and Central Bank of Kenya (CBK) to help address challenges that come with adopting digital currencies.

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