Central Bank of Kenya Feels Libra is too Risky

Patrick Njoroge, the governor of the Central Bank of Kenya (CBK) has categorically stated that the risks associated with Libra are phenomenal and must be understood better. He also further added that CBK does not plan to approve blockchain-based cryptocurrencies as legal tender anytime soon, even though some financial institutions in the region have been nursing plans to integrate blockchain technology into their operations.

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