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CMA warns public against trading in digital coins

Capital Markets Authority boss Paul Muthaura

NAIROBI, KENYA: The Capital Markets Authority (CMA) has cautioned the public against participating in any initial coin offering or trading in any coin exchange offered by Wiseman Talent Ventures.

CMA noted that Wiseman Talent Ventures is raising money from the public through issuance of digital tokens in the form of coins through a platform for the trading on its coin exchange styled as www.kenicoinexchange.com.

"It is important for the general public to note that the nature and features of the Capital Raising and Coins Trading promoted by Wiseman Talent Ventures is taking the form of regulated activities which have not yet been approved by the Authority," CMA Chief Executive Paul Muthaura noted.

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