DailyBubble News
DailyBubble News

Kenya taps US Bitcoin mining giant Marathon Digital for crypto regime and mining consultation

Kenya’s President William Ruto has appointed Marathon Digital, a leading US Bitcoin mining firm, to provide consultancy services on the nation’s crypto policies and energy requirements for crypto mining. The partnership was announced during a meeting with American investors in Nairobi. Marathon Digital will collaborate with Kenya’s National Treasury and Ministry of Energy to discuss energy needs for crypto mining and develop a framework for crypto in Kenya.

Marathon Digital, initially a patent holding company, has become a significant player in the crypto mining space, focusing on Bitcoin since 2021. The company is one of the largest Bitcoin miners in North America.

Despite being a top African country in crypto adoption, Kenya currently lacks clear regulations for crypto trading and usage. The Central Bank of Kenya previously had a strict stance against digital currencies but the recent partnership signals a shift in approach. While Kenya explores crypto regulations, Angola recently banned Bitcoin mining.

It is important to note that the information provided on this website is sourced from independent and reliable sources. Decentral Media, Inc. does not offer personalized investment advice and the information on the website is subject to change without notice. Crypto Briefing may use AI-generated content to deliver valuable information while ensuring accuracy and oversight by experienced editors and writers. It is recommended to consult a licensed investment advisor for investment decisions.

0 0 votes
Article Rating
Notify of
Inline Feedbacks
View all comments
Would love your thoughts, please comment.x