【International Monetary Fund recommends Kenya to establish a clear cryptocurrency regulatory framework】Golden Finance reports that the International Monetary Fund (IMF) has suggested that Kenya create a clear and predictable regulatory environment for the cryptocurrency market to protect consumers and address risks related to anti-money laundering (AML) and combating the financing of terrorism (CFT). The IMF points out that Kenya currently relies on outdated regulations from traditional markets and lacks legally binding regulation for the cryptocurrency market, leading to an increase in cryptocurrency-related scams and criminal activities. The IMF recommends that Kenya develop a regulatory environment for cryptocurrencies that is consistent with international frameworks and standards, while also considering the unique challenges and opportunities of the local market, ensuring that the regulatory framework protects consumers, maintains financial stability, and promotes innovation.