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Capital Markets Authority deputy director Justus Agoti addressing the media during the crypto conference. [Kanyiri Wahito, Standard]
Kenya’s push to regulate the fast-growing cryptocurrency and digital assets sector is gaining momentum as the Capital Markets Authority (CMA) moves to establish a formal framework aimed at enhancing oversight, accountability and investor protection.
The proposed regulations come amid rising adoption of cryptocurrencies, blockchain technology and digital financial products in Kenya, with regulators seeking to strike a balance between innovation and market stability.
Speaking during a two-day crypto and digital assets conference in Nairobi, Capital Markets Authority Deputy Director for Market Development Justus Agoti said the financial sector must evolve alongside technological advancements while ensuring proper safeguards are in place.
