Kenya Shuts Down Bank Accounts of Bitcoin Startups, Minister Can’t Sell BitPesa Shares

If your company can only function by having a bank account, you might as well close your doors.

Bitsquare.io solved this problem by letting users send fiat to each other p2p and having a collateral in the middle (a reputation system would also help).

Government of Kenya is so corrupt…

Doesn’t surprise me at all they are scared so much by open ledgers / non-govt currency :stuck_out_tongue:

SAFE needs to happen…

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