IMF Advises Kenya to Improve Crypto Regulation! 🌍

- The IMF recommends that Kenya create a clear, predictable regulatory environment for the crypto market to protect consumers and address AML/CFT risks.

- Current laws are not sufficiently binding for crypto, leading to many scams.

- The IMF suggests that Kenya needs a legal framework that is in line with international standards, protects consumers, and promotes innovation.

- Short-term recommendations: empirical analysis, cooperation and education among regulators.

- Long-term recommendations: legal and licensing framework, enhanced supervision, international cooperation.

What do you think about the future of crypto in Kenya? Share your thoughts! 💬