The International Monetary Fund (IMF) has released a technical assistance report urging Kenya to establish a transparent and stable regulatory framework for the cryptocurrency sector in response to a request from the Capital Markets Authority. To help safeguard consumers while addressing potential risks of Anti-Money Laundering (AML) and Countering the ...
Kenyan Authorities have asked its citizens to participate in shaping the country's policy toward cryptocurrencies and blockchain technology. The Financial Reporting Centre (FRC), on August 16, 2023, announced that all Kenyans are invited to participate in a public survey on virtual assets and virtual assets service providers. The FRC, a ...
The Kenyan government has taken decisive action by suspending the Worldcoin project over fears of potential unauthorized collection and misuse of essential private data. According to a statement published on Facebook on August 2, 2023, the suspension will remain in effect until relevant public agencies have certified that there are ...
The Kenyan Government has proposed new taxation measures to boost the country's domestic revenues and reduce its fiscal deficit amidst a persisting financial crunch. The African country is targeting its digital economy with this proposed tax regime. The new regulation is expected to boost transparency and tax collection on cryptocurrency ...
