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{
    "id": 1283475,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1283475/?format=api",
    "text_counter": 190,
    "type": "speech",
    "speaker_name": "Molo UDA",
    "speaker_title": "Hon. Kuria Kimani",
    "speaker": null,
    "content": "We asked the candidate questions on several matters, especially the issue of cryptocurrencies and digital currencies. It was interesting to note that the candidate talked about having a Central Bank-backed digital currency. In this space where we are talking about bitcoin, cryptocurrencies and where Kenyans and global citizens are losing a lot of money, just to name the most recent collapse of FTX in the United States of America, it shows that the time is ripe to stop using liquid currency, that is, notes and coins. The revitalisation of mobile money like M-Pesa, Airtel Money, and all other mobile wallets has shown the world that it is possible to transact without liquid cash. We put him to task and, for the first time, we are looking forward to Kenya becoming a leader, not just in mobile money transfer, but also having a Central Bank-backed digital currency. This will also go a long way in harnessing and preventing cybercrime and ensuring Kenyans’ money is protected."
}