Kenya trails South Africa, Mauritius in adoption of cryptocurrency

Kenya has yet to establish any crypto-related regulations but is at an advanced stage of putting in place a legislative framework.

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South Africa and Mauritius have made bigger strides towards the regulation and adoption of cryptocurrencies than Kenya, a new assessment shows, giving them an edge in creating thriving digital assets ecosystems on the continent.

A new report by PwC, which provides an overview of the global regulatory landscape shows that South Africa and Mauritius have in place extensive legislation and regulation, including the requirement that crypto exchanges and providers share sender/receipt information for transfers as part of rules against money laundering.

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Note: The results are not exact but very close to the actual.