IMF recommends Kenya align crypto laws with global standards | CryptoTvplus
The International Monetary Fund (IMF) is encouraging Kenya to align its cryptocurrency policies with global standards.
The IMF has advised Kenya to reform its old regulatory system, curb scams, and adopt a globally standardized crypto framework.
The IMF suggested that Kenya develop a straightforward and reliable regulatory system for its cryptocurrency market to shield consumers and address Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) concerns.
In response to a request from Kenya’s Capital Markets Authority (CMA), the IMF unveiled a technical assistance report on crypto regulations on January 8.
The IMF noted Kenya’s reliance on outdated traditional market regulations, which provide “limited and no…
