The International Monetary Fund (IMF) has urged Kenya to require cryptocurrency platforms to share customers’ identification details during digital asset transfers, as authorities work to strengthen anti-money laundering controls.
Summary
- IMF recommends Kenya require cryptocurrency platforms to exchange identifying information during covered digital asset transfers.
- Proposed Travel Rule requirements cover customer names, identification details, account references and cryptocurrency wallet addresses.
- Kenya’s crypto regulations already require customer identification, while IMF recommends additional transaction information sharing obligations.
- Kenya remains on FATF’s…
