“It would appear to me that Safaricom was justified in ensuring that its own licence was not ultimately questioned or put in jeopardy for so long as the CBK had failed or neglected to put its (Safaricom) fears to rest,” ruled judge Onguto.

So the

​ problem lies with CBK not making it's stance clear on virtual currencies?​ Which meant Safaricom had no choice but to protect itself by suspending the services until regulations are laid down... or is there more to this.

Regards,

John K.

On 16 December 2015 at 10:34, Joseph Koech via skunkworks <skunkworks@lists.my.co.ke> wrote:

The cryptocurrency debate has been concluded  ( for now) as the court upheld Safaricom's decision to suspend Bitpesa

http://www.nation.co.ke/business/safaricom-suspends-companyies/-/996/2998070/-/131d2e5/-/index.html

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