Odaily Planet Daily News 🌍 The International Monetary Fund (IMF) suggests that Kenya create a clear and predictable regulatory environment for the cryptocurrency market! This is not only to protect consumers but also to address the risks of anti-money laundering (AML) and combating the financing of terrorism (CFT). 💼

Currently, Kenya relies on outdated regulations from traditional markets, lacking legal constraints on the crypto market, which has led to an increase in scams and criminal activities. The IMF recommends that Kenya develop a regulatory environment that aligns with international standards while considering the unique challenges and opportunities of the local market. This way, it can protect consumers, maintain financial stability, and promote innovation! 🔍

Bitcoin may encounter more opportunities in such an environment! 🚀