The government of Kenya is warming up to crypto-currency although we don’t have existing legal/regulatory framework. What legal barriers have been identified including mitigation measures more so if the regulatory framework is not put in place soon?

  • There are not legal barriers by Kenyan government, to implementation of Ubricoin. As explained earlier, Ubricoin is a utility token. Utility tokens are not regulated by any government. The U.S. Securities and Exchange Commission ruled last week that Ethereum is not an equity instrument. Ubricoin is built on Ethereum protocol as a utility token. Utility tokens are not regulated.

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