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{
    "id": 1506093,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1506093/?format=api",
    "text_counter": 419,
    "type": "speech",
    "speaker_name": "Molo, UDA",
    "speaker_title": "Hon. Kuria Kimani",
    "speaker": null,
    "content": "by a Kenyan citizen. The term ‘digital assets’ is meant to include other assets such as crypto-currencies, token codes or other numbers held in digital form and generated through crypto-graphic means or otherwise. The proposed definition of ‘local firm’ limits the Act to companies incorporated under the Companies Act. Therefore, the definition should include entities registered under other Acts of Parliament. Businesses that operate in Kenya are not necessarily companies registered under the Companies Act. They could include partnerships registered under different Acts. Changing the definition of ‘local firm’ is also to include other firms registered under different Acts such as sole proprietorships and partnerships. There is also insertion of the words ‘virtual and digital’ in the definition of the word ‘assets’. This is to ensure that digital and virtual assets are recognised as assets in that space."
}