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The IMF has urged Kenya to establish a clear regulatory framework for its crypto market to protect consumers and mitigate risks related to money laundering and terrorism financing. The current regulations are outdated, leading to increased scams and regulatory uncertainty, with lawmakers divided on the approach. Recommendations include aligning with international standards, implementing a licensing system, and enhancing cross-border cooperation to improve oversight of global crypto activities.
The Czech National Bank is considering adding Bitcoin to its foreign exchange reserves as part of a diversification strategy, although its primary focus remains on gold. Governor Aleš Michl noted that while discussions have occurred, any decision would require approval from the bank's Board of Directors. Currently, the CNB holds about 50 tons of gold and plans to double this by 2028, emphasizing gold's reliability amid economic uncertainty.
Bitcoin's hashrate reached a record 1,000 EH/s on January 3, nearly doubling since January 2024, and has since stabilized around 780 EH/s. Major miners like Marathon and Riot Platforms are expanding operations despite reduced rewards from the April halving, holding significant Bitcoin treasuries valued at billions. Institutional interest is rising, with Bitcoin ETFs surpassing $100 billion in net assets, driven by improved regulatory clarity and a secure network, encouraging large investors to enter the market.
Bitcoin's hashrate reached an all-time high of over 1,000 EH/s on January 3, nearly double from a year prior, reflecting increased miner investment in network security despite reduced rewards from the April halving. Mining firms are expanding operations and accumulating BTC, with significant institutional inflows into Bitcoin ETFs pushing net assets over $100 billion. Analysts predict that improving regulatory clarity could lead to accelerated institutional participation in crypto assets by 2025.
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imf calls for clear crypto regulations to protect consumers in kenya
10:55 09.01.2025
Czech National Bank considers Bitcoin for foreign exchange reserves diversification
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14:57 07.01.2025
bitcoin hashrate hits record high as institutional interest grows
20:36 03.01.2025
bitcoin hashrate reaches record high amid growing institutional interest
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17:48 03.01.2025
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