×
App Icon
The Standard e-Paper
Read Offline Anywhere
★★★★ - on Play Store
Download Now

Regulators mull loosening up crypto laws in a major U-turn

Vocalize Pre-Player Loader

Audio By Vocalize

Tools for Humanity CEO and Co-Founder Alexi Blania (centre) flanked Sam Sadle (left) Head of Policy and Thomas Scott, Chief Legal Officer when they appeared before the Adhoc Committee of Enquiry into the Worldcoin controversy at Mini chambers, Nairobi. September 6, 2023. [Elvis Ogina, Standard]

Kenya is considering the possibility of easing regulations on cryptocurrencies, marking a notable change in the country's approach to digital assets.

Five financial regulators including the Central Bank of Kenya (CBK) said recently they will establish and execute comprehensive and accommodating structures that seek to simplify innovation, including digital assets, to meet the needs of the masses and promote financial development.

Premium Article

Get Full Access for Ksh299/Week.

Fact-first reporting that puts you at the heart of the newsroom. Subscribe for full access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Business
Petroleum crisis: what countries are doing to cushion citizens
Opinion
Inside Karen Nyamu's Artificial Intelligence Bill
Business
Call for return of subsidies, price reduction as fuel crisis looms
Enterprise
Strathmore unveils Sh2b STEM complex plan