CMA locks cryptocurrencies out of innovation hub

CMA chief executive officer Paul Muthaura. FILE PHOTO | NMG

Cryptocurrency developers have been locked out of a Capital Markets Authority (CMA) fintech incubating platform set for official launch in May, which at least 70 firms have expressed interest in joining.

CMA chief executive officer Paul Muthaura Thursday said the regulator has concluded the public exposure phase of the regulations governing the platform, known as a regulatory sandbox, and will in April issue the final policy guidance note to anchor the regulations in law before going live in May.

PAYE Tax Calculator

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