Crypto miner Marathon Digital is in discussions with the Kenyan government on the country’s cryptocurrency policy and the energy requirements for crypto mining. Kenya has been gradually regulating the crypto market.
President William Ruto announced at the American Chamber of Commerce Kenya Business Summit that Marathon has been asked to consult with the National Treasury and Ministry of Energy. The summit took place in late April but was not immediately reported on. U.S. Commerce Secretary Gina Raimondo was among the attendees, and Marathon was a platinum-level sponsor of the event. In his keynote speech, Ruto
“This is a strong testament of the vast transformative possibilities that exist in an expanded and comprehensive understanding between the U.S. East Africa concerning trade and investment.” Marathon is based in the United States but has joint mining ventures in Abu Dhabi and Paraguay. It is one of the world’s top five largest crypto miners. If the talks lead to a Marathon presence in the East African country, itSource: Committees of the National Assembly of Kenyafor the American crypto industry’s interests in Kenya before, unsuccessfully urging Kenya to lift its suspension of Worldcoin activities there.