Bitcoin Money Transfers Spark Debate in Kenya

There is a new way to send money to and from Kenya by way of the virtual currency bitcoin. While the company, Bitpesa, charges fees significantly lower than traditional money transfer services, some worry that the lack of regulation around bitcoins could put transactions at risk and open the way to criminal activity. The bitcoin has been around for six years. It is a digital, decentralized currency, meaning it only exists electronically and there is no regulation or oversight by any...

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