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New CMA platform targets crypto crime, illicit transactions

New CMA platform targets crypto crime, illicit transactions

NAIROBI, Kenya, July 7 – The Capital Markets Authority (CMA) is seeking to acquire an advanced blockchain analytics platform to strengthen oversight of Kenya’s virtual assets market following the enactment of the country’s cryptocurrency regulatory framework.

The proposed system is intended to enhance the regulator’s ability to monitor digital asset transactions, investigate suspicious activities and enforce compliance under the Virtual Assets Service Providers Act, 2025.

According to tender documents, the platform will support the licensing and supervision of virtual asset exchanges, brokers, asset managers, investment advisers and other entities regulated under the new law.

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