×
App Icon
The Standard e-Paper
Informed Minds Prefer The Standard
★★★★ - on Play Store
Download Now

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

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.

Get Full Access for Ksh299/Week
Unlock the Full Story — Join Thousands of Informed Kenyans Today
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in
Sci & Tech
Siaya youth teams feted at Kenya software and AI summit
Business
Naivas, Uber Eats ink deal
By Brian Ngugi 18 hrs ago
Business
EPRA holds fuel prices in latest monthly review
Business
Kenyan lenders rethink trust and access in collateral-free credit