Why is cryptocurrency so controversial?
Fans say it\u2019s the future of virtual money; experts say it's tamper-proof; billionaires have been made.\n \nBut cryptocurrency has also led millionaires to lose everything \u2013 while Kenya\u2019s ICT minister says last year Kenyans lost more than $120 million to crypto scams.\n \nWhen Bitcoin was first launched in 2009, one bitcoin was worth 0. By mid-April last year, the value of one bitcoin peaked at $60,000 US. But In the last seven months, the highly volatile online currency has lost more than 60% of its value, leaving the value of a coin at less than $25,000.\n \nSo are African governments right in warning people off? Or should they just regulate the trade better? \n \nFor Africa Daily, Alan Kasujja takes a breath and deep dives into the murky and often confusing world of crypto with the help of Kabenda Belete, a cryptocurrency consultant and trader based in Tanzania.
Presenter: Alan Kasujja (@kasujja)\nGuest: Kabenda Belete (@lukaskabenda)