Under the IMF’s recommendations, platforms would collect and share core data on both ends of a crypto transaction. That includes names, addresses, national ID numbers and wallet addresses.

That information would then be reported to the Financial Reporting Centre (FRC), Kenya’s financial intelligence unit, to support compliance with anti-money laundering guidelines.

The goal is to strengthen anti-money laundering (AML) and counter-terrorism financing (CFT) efforts. Both are hard to pursue when investigators cannot easily see who is on either side of a transfer.

The distinction the IMF draws is subtle but important. Kenya’s current rules lean on record-keeping that platforms produce when asked. They do not require proactive data…