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CBK, CMA to jointly regulate crypto sector in proposed rules
Central Bank of Kenya governor Kamau Thugge (left) and Capital Markets Authority CEO Wycliffe Shamiah. The two institutions will become crypto regulators if Parliament passes the law.
The Central Bank of Kenya (CBK) and the Capital Market Authority (CMA) will jointly regulate the cryptocurrency industry in the country if lawmakers approve a proposed law that seeks to guide the use of such digital assets.
Cryptocurrencies, or virtual assets, are digital forms of money or value that are not issued or controlled by any particular monetary authority and are traded online.
