Fintech firm lauds Kenya’s approach to crypto regulation
Kenya’s newly passed law to regulate crypto assets is one of “the most comprehensive” of its kind in the world, said the co-founder and CEO of Yellow Card, a cryptocurrency startup.
Speaking at Semafor’s World Economy Summit in Washington, DC, Chris Maurice pointed to the legislation as an example of regulators “learning from some of the mistakes that have been made” in the US and Europe.
Yellow Card has rapidly expanded on the continent, raising $33 million in new venture capital funding from Blockchain Capital and other investors last year. It has capitalized on the growing use of stablecoins in Africa, with people using cryptocurrencies beyond cross-border trade in areas such as remittances, savings, and payroll systems….
