The Central Bank of Kenya is the primary monetary authority for the nation of Kenya. It is responsible for formulating and implementing monetary policy, regulating banks, and managing the country’s foreign exchange reserves. The institution also supervises the financial system to maintain stability and integrity.
Context
The Central Bank of Kenya has expressed caution regarding digital assets, citing concerns about financial stability, consumer protection, and illicit finance. Its stance and any potential regulatory actions or studies on digital currencies are closely watched by market participants in East Africa. Future policy decisions from the CBK will heavily influence the trajectory of digital asset adoption and regulation within Kenya.
Kenya's VASP Bill operationalizes global AML standards, requiring all digital asset service providers to secure annual licenses and establish local physical presence.
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