CBK warns it won’t be liable for digital currency losses

Central Bank of Kenya governor Patrick Njoroge. FILE PHOTO | NMG

The Central Bank of Kenya (CBK) has said it will not be held liable for losses incurred by consumers using digital currencies to settle transactions since the virtual currency is not a legal tender in the country.

“I have been quite clear about our views on bitcoin and the bitcoin-like items. From our perspective that is something that we cannot support,” said CBK governor Patrick Njoroge on Tuesday.

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