TechFlow news — On January 9, according to Cointelegraph, the International Monetary Fund (IMF) released a technical assistance report recommending that Kenya establish a clear and predictable regulatory framework for cryptocurrencies. The report指出 that Kenya is still relying on outdated traditional market regulations and lacks legally binding oversight of the crypto market, leading to increased crypto-related fraud and criminal activities.
The IMF recommends that Kenya conduct empirical analysis and strengthen inter-agency regulatory cooperation within 6–12 months, and establish a licensing framework and enhance regulatory resources within 12–24 months, ensuring alignment with international standards such as the Bali Fintech Agenda and FATF anti-money laundering recommendations.
