IMF Advises Kenya to Overhaul Crypto Regulations

Description

The International Monetary Fund (IMF) has recommended that Kenya revise its outdated crypto regulatory framework to align with global standards. According to a report from Cointelegraph , the IMF highlighted that Kenya’s reliance on traditional market regulations for governing the crypto industry has led to a surge in crypto-related fraud and financial crimes. This call to action is part of a broader effort to improve anti-money laundering (AML) practices and address the risks of terrorism finan...