Kenya Establishes Multi-Agency Group To Regulate Cryptocurrencies and Digital Assets
- Kenya's government has established a multiagency technical working group to regulate cryptocurrencies.
- The group will develop a regulatory and monitoring framework for virtual assets and virtual asset service providers.
- The move aims to protect users and address challenges related to fraud and scams in the cryptocurrency market.
The establishment of a regulatory framework for cryptocurrencies in Kenya is a positive step towards protecting users and addressing the challenges associated with fraud and scams. It will provide a safer environment for cryptocurrency transactions and promote consumer confidence in the market.
