Bitcoin ATMs Emerge in Nairobi Amid Regulatory Uncertainty

New Bitcoin ATM machines have recently appeared in prominent shopping malls across Nairobi, Kenya, following the country’s enactment of its first comprehensive cryptocurrency law. This development poses an immediate challenge for regulators as no crypto provider has yet been authorized to operate under the new legislation. The ATMs, branded ‘Bankless Bitcoin,’ are being placed alongside traditional banking kiosks, offering cash-to-crypto services to the public.