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Who are East Africa’s 12 million crypto owners?

The number of cryptocurrency users in East Africa may have been exaggerated. PHOTO | SHUTTERSTOCK

By  Vincent Owino

Business and Technology Reporter in Nairobi, Kenya

Nation Media Group

The crypto market is revamping after a slump that saw investors suffer billions of dollars in losses.

Market or financial research institutions estimate that the number of crypto owners in East Africa currently is almost 12 million.

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