The 11-member taskforce recommends the creation of a central bank digital currency that is traceable. In order to do that, the taskforce has also recommended a trusted identity for every citizen.
The introduction of a local form of cyptocurrency in order to create employment and enhance creativity is one of the top recommendations in the taskforce report.
In a recent forum, Head of ICT, NTSA, Fernando Wangila, had proposed a similar identity system that would see Kenyan citizens have access to a wide range of government services using one single digital identity.
These recommendations have come at the right time when we’ve started seeing legislators attempt to clamp down on the use of digital currencies like Bitcoin despite their adoption of by some business premises.