According to the Kenyan Wall Street news, the governor's reaffirmation of the CBK's position on virtual currencies comes over six months after reports surfaced that Kenyan banks were providing notifications urging consumers to refrain from exchanging cryptocurrencies.

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Njoroge's reassertion of the central bank's stance on crypto assets comes amid news that Kenya has surpassed South Africa as the African nation with the greatest proportion of its citizens holding crypto. Kenya is also predicted to maintain its position in the global peer-to-peer crypto sector in 2022.

Russians are thought to own about 12% of all cryptocurrency.

As per Bloomberg, Russian people hold virtual currencies valued at more than 16.5 trillion rubles ($215 billion), according to a Moscow-based assessment. The statistic has come to light as Russian government agencies try to develop a clear framework to decide the future of decentralized digital assets.

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After President Vladimir Putin's appeal for a debate on the issue, legislators have hurried to put the nation's booming crypto sector in order. It was issued after the Bank of Russia considered a general prohibition on crypto-related operations, which was deemed unproductive by many officials.

According to Russian media, the Russian government has reportedly created a plan to regulate, rather than ban, cryptocurrency exchanges. According to people familiar with the ideas, the most recent estimate was generated last month based on a study of cryptocurrency exchanges customers' IP addresses and other data. The sources preferred to stay nameless because the regulations had not yet been established.

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According to Coinmarketcap data, Russian crypto ownership accounts for about 12% of worldwide crypto ownership and a third of the market cap of their country's main stock index. This could be one of the principal reasons the Russian government prefers to govern the business rather than impose a blanket ban.

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The $215 billion sums are higher than prior forecasts. Anatoly Aksakov, the parliamentary Financial Market Committee leader, claimed that Russians had invested 5 trillion rubles ($67 billion) in cryptocurrency in December. According to the Bank of Russia, Russians' yearly amount of crypto transactions processed is $5 billion.