×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - 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.

Get Full Access for Ksh299/Week.
Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access.
  • 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
Real Estate
Police, prison officers to benefit from 47,000 housing units plan
Opinion
Expanding tax base key to Kenya's economic prosperity
Business
CoG calls for clear plan to transition from coal, oil, and gas to renewable energy
Financial Standard
How Kenya missed out on Sh125b World Bank project