[Kenya prepares legislation to legalize cryptocurrencies] According to Golden Finance, Kenyan Finance Cabinet Secretary John Mbadi said on Friday that Kenya is preparing legislation to legalize cryptocurrencies, marking a major shift in the government's position. Kenya bans the use of cryptocurrencies, but the public still uses them widely underground to circumvent restrictions. Mbadi said in a statement outlining the new policy: "The emergence and development of virtual assets and virtual asset service providers have brought innovation to the local and international financial systems, bringing dynamic opportunities and challenges." (Golden Ten)