×
App Icon
The Standard e-Paper
Stay Informed, Even Offline
★★★★ - on Play Store
Read on the App

Shaky crypto: CBK shelves search for digital currency

Global crypto market is in upheaval following collapse of high-profile exchanges. [iStockphoto]

The Central Bank of Kenya (CBK) has shelved plans to develop a digital currency on the back of instability in the global crypto assets market and the high adoption of digital payments in the local market.

This is the outcome of public consultations carried out by the regulator to determine its readiness to roll out a Central Bank Digital Currency (CBDC).

Get Full Access for Ksh299/Week
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in