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Kenya Proposes New Law to Govern Cryptocurrency Regulations
In recent developments, Kenya is poised to introduce a regulatory framework for cryptocurrencies, marking a significant step towards formalizing the digital asset landscape within its jurisdiction. This move follows growing recognition of the potential benefits and challenges presented by cryptocurrencies and blockchain technology. The Kenyan government, in its proactive stance, has made available a draft…
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IMF Calls on Kenya to Harmonize Cryptocurrency Regulations with International Standards
The International Monetary Fund (IMF) has issued a significant advisory to the Kenyan government, urging a comprehensive overhaul of its existing regulatory framework pertaining to cryptocurrencies. This recommendation arises from growing concerns regarding the prevalence of financial scams and the necessity for alignment with global standards that promote financial stability. As the digital currency landscape…
