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{
    "id": 1284081,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1284081/?format=api",
    "text_counter": 483,
    "type": "speech",
    "speaker_name": "Sen. Thang’wa",
    "speaker_title": "",
    "speaker": null,
    "content": "I use this opportunity to tell Mr. Musangi that he can revolutionize the way we handle currency in this country if we were to allow it in this country. Let us look at what happened at the Kenya International Conference Centre (KICC). Over two million young people came out to have their eyeballs scanned because of a cryptocurrency called Worldcoin. Let us embrace cryptocurrency because our youth believe in that. Mr. Temporary Speaker, Sir, we should use it to raise money to do projects and allow our youth trade in cryptocurrency. After all, they understand it and make a living out of it. In 2019 when we had Covid-19, I took time to study and read about blockchain and cryptocurrency. I made a few coins from it and my family and friends could not go hungry. It works. The CBK and the Treasury should embrace cryptocurrency so that we stop losing money through the black market, online channels and exchanges where we have put our money waiting for it to get some interest. I therefore support this Report. Mr. Temporary Speaker, Sir, we need to research on our currency. We should print our currency and should not follow what other countries are doing. All this is controversial but the America Government owes itself over 34 trillion dollars but how did they get there? It is because they print more money and calculate that as a debt which is meant to be collected and removed from their reserves."
}