Kenya preparing to legalize crypto: report
Kenya’s Treasury Cabinet Secretary John Mbadi has announced plans for a draft policy aimed at regulating virtual assets and virtual asset service providers.
Speaking on Friday, Mbadi said the proposed framework seeks to leverage the opportunities presented by cryptocurrencies while addressing associated risks, including money laundering, terrorism financing, and fraud, according to The Standard.
Mbadi said the Kenyan Government is committed to creating a legal and regulatory framework that will enable VAs and VASPs to reap the benefits.
In December, Kenya introduced a draft policy focused on regulating virtual assets and service providers in the cryptocurrency sector. According to Mbadi, the policy aims to…
