Nearly a third of Kenyan banks are ready to start facilitating cryptocurrency deals as the country works on regulations for virtual assets (VAs) amid increasing adoption.
The Central Bank of Kenya (CBK) innovation survey for 2024 shows 31 percent of the lenders indicated that they were “highly likely” to undertake activities in the area of virtual assets, which includes cryptocurrencies such as Bitcoin and Ethereum, non-fungible tokens and digital tokens.
