Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
The International Monetary Fund suggests that Kenya establish a clear regulatory framework for cryptocurrencies

The International Monetary Fund suggests that Kenya establish a clear regulatory framework for cryptocurrencies

Bitget2025/01/09 09:16

The International Monetary Fund (IMF) suggests 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The IMF points out that Kenya currently relies on outdated regulations from traditional markets, lacks legally binding regulation for the crypto market, leading to an increase in crypto-related scams and criminal activities.

The IMF recommends that Kenya develop a crypto regulatory environment consistent with international frameworks and standards, while considering unique challenges and opportunities of the local market. This will ensure that the regulatory framework can both protect consumers, maintain financial stability, as well as promote innovation.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!