Kenya is considering a new policy that would require crypto businesses to open local offices in order to strengthen regulatory oversight. The proposed law aims to address the absence of a legal and regulatory framework for virtual assets and service providers, while also addressing consumer protection, data privacy, and cybersecurity concerns. Kenya has seen a growing adoption of cryptocurrencies, and the government's move to require a local presence from crypto businesses is seen as a means to better monitor their activities. The draft law is currently open for public input, but its implementation date is unknown.



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