In a bid to protect investors, the Capital Markets Authority (CMA) has issued a press release cautioning the public against participating in any initial coin offering ? or trading in any coin exchange offered by "Wiseman talent ventures." CMA chief executive Mr. Paul Muthaura noted ‘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. The authority is currently investigating the operations of Wiseman talent ventures.