Crypto Casinos experts clarify: the rather deep penetration of digital assets into Kenyan life is due to the large number of mobile devices. This allows residents of the African country to quickly access cryptocurrency wallet applications and cryptocurrency exchanges. In addition, the growing popularity of the mobile payment platform M-PESA makes it easier for Kenyans to make cryptocurrency transactions.
“Currently, Kenya has no strict regulations governing cryptocurrency. This makes the country attractive to investors and entrepreneurs. While many other countries on the African continent have tried to regulate and suppress technological advancement, Kenya has embraced and supported the development of the market,” the report says.
The cost of mining one Bitcoin in the country is currently around $83,000, with mining profits being $17,094 per coin.
Commenting on the overall situation with the penetration of cryptocurrency technologies on the African continent, Crypto Casinos experts reported that Nigeria ranks first among African countries and 16th in the world with a score of 65.67%. It is followed by the Republic of South Africa, which ranks 17th in the world with a score of 64.67%.
Earlier it became known that the Federal Inland Revenue Service of Nigeria (FIRS) wants to withdraw personal charges of fraud and tax crimes brought against top managers of the world’s largest crypto exchange Binance.
Source: Bits
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