In the face of rapid technological advancements, Kenya finds itself at a crossroads, grappling with the challenges posed by Virtual Assets (VAs) and Virtual Asset Service...
Continue reading...Blockchain & Cryptocurrency
The sale of cryptocurrency is generally only regulated if the sale (i) constitutes the sale of a security under state or Federal law, or (ii) is considered money transmission under state law or conduct otherwise making the person a money services business (“MSB”) under Federal law.
The BTCM Debacle: A Glimpse into Kenya’s Crypto Ponzi Schemes
In Kenya, the allure of digital currency investments has, unfortunately, been marred by the emergence of crypto Ponzi schemes, with BTCM standing out as a notorious...
Continue reading...The Nurucoin Saga: Unraveling a Multi-Billion Shilling Cryptocurrency Fraud in Kenya
In the shadow of the burgeoning digital currency landscape, a distressing narrative unfolded that has since served as a cautionary tale for investors and regulators alike....
Continue reading...From ICO to Courtroom: The Kenicoin Story
In the rapidly evolving world of cryptocurrencies, the line between innovation and regulatory compliance is often a tightrope walk. A prime example of this delicate balance...
Continue reading...Assessing the Global Risks of Virtual Assets in Kenya’s Financial Ecosystem
As Kenya, along with the rest of the world, navigates the complexities of the digital finance revolution, the regulation of Virtual Assets (VAs) and Virtual Asset...
Continue reading...Navigating the Regulatory Landscape of Stablecoins: Singapore’s Approach
The Monetary Authority of Singapore (MAS) has established a comprehensive framework to regulate stablecoin-related activities, reflecting the rapidly evolving landscape of digital payment tokens (DPTs) and...
Continue reading...Harnessing Digital Finance: The Case for Regulating VAs and VASPs in Kenya
In the wake of the digital revolution, Kenya stands at the cusp of a major regulatory evolution with the potential regulation of Virtual Assets (VAs) and...
Continue reading...The Global Regulatory Landscape for Virtual Assets and VASPs
As the digital finance ecosystem continues to evolve, international standard-setting bodies have been at the forefront of developing frameworks to govern the burgeoning market of virtual...
Continue reading...Kenya’s Progressive Stance on Crypto Asset Regulation
In the dynamic world of digital finance, Kenya has taken significant strides toward establishing a regulatory framework for crypto assets, signaling its commitment to fostering innovation...
Continue reading...Virtual Assets (VAs) and Virtual Asset Service Providers (VASPs) Regulatory Developments in Kenya
Kenya’s journey through the evolving landscape of Virtual Assets (VAs) and Virtual Asset Service Providers (VASPs) has been marked by cautious steps and regulatory vigilance. Despite...
Continue reading...