The International Monetary Fund (IMF) has advised Kenya to create a clear and predictable regulatory environment for the cryptocurrency market. This is to protect consumers and address risks related to Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT). The IMF noted that Kenya relies on outdated, inadequate and non-binding regulations for the crypto market. This has led to an increase in fraud and criminal activity. The IMF stressed that Kenya needs to develop a regulatory framework that is in line with international standards. Share your views in the comments.