Kenya launches ‘crypto’ bill amid call for better oversight
Kenya has launched its first comprehensive digital asset bill and is seeking public feedback amid the International Monetary Fund’s (IMF) call for the country to update its outdated ‘crypto’ oversight framework.
The country’s National Treasury is behind the new bill, which aims to regulate the use of virtual assets (VAs) and the virtual asset service providers (VASPs) that offer related services. Treasury Cabinet Secretary John Mbadi told the media that the bill was necessitated…
