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IMF Supports Kenya’s Move to Regulate Cryptocurrency

Nairobi, Kenya. © Unspalsh

Patrick Alushula

Patrick Alushula is a seasoned Kenyan-based senior business journalist..
  • IMF warns legal gaps in crypto use expose consumers to risks.
  • Stablecoins like USDT widely used in Kenya for cross-border payments.

Nairobi, Kenya – The International Monetary Fund (IMF) has backed Kenya’s plan to regulate crypto-asset activities in the country, cautioning that the current legal lacuna is leaving consumers exposed.

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