The financial sector regulators have softened their stance on cryptocurrency and recommended the formation of a technical committee that will create laws to regulate digital assets and businesses in the sector.
The five regulators including the Central Bank of Kenya (CBK), Capital Markets Authority (CMA), Insurance Regulatory Authority (IRA), Retirement Benefits Authority (RBA) and the Sacco Societies Regulatory Authority (Sassra) have recommended the formation of a committee to formulate the regulations.
