**IMF Urges Kenya to Revamp Crypto Regulations**

The International Monetary Fund (IMF) has called on Kenya to establish a clear and predictable regulatory framework for cryptocurrencies. This move aims to protect consumers and tackle issues related to Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT).

Kenya's current regulations, which are outdated and not legally binding for crypto markets, have led to a rise in scams and criminal activities. The IMF suggests aligning Kenya's crypto laws with international standards and recommends both short-term and long-term strategies to strengthen the country's regulatory environment.