Kenya passes law establishing crypto supervisory regime
Bill, awaiting president’s signature, will grant central bank authority to license virtual asset issuers
Kenya’s parliament has passed a bill to create a supervisory regime for crypto asset issuers, in a move aimed at providing legal clarity for the industry.
Kuria Kimani, chairman of the finance committee in Kenya’s lower house, told Reuters on October 13 that legislators had passed the bill the previous week and that it only needed the president’s signature to become law.
According to Reuters, the Central Bank of Kenya would be responsible for granting licences to issuers of virtual assets
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