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The IMF has urged Kenya to modernize its outdated cryptocurrency regulations to combat rising scams and align with global standards for financial stability. Recommendations include conducting market analysis, clarifying existing regulations, and establishing a legal framework for crypto businesses. The IMF emphasizes the need for clear definitions of crypto assets to enhance legal consistency and reduce loopholes.
Nigel Clarke
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imf calls for updated crypto regulations to combat scams in kenya
10:16 10.01.2025
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