Kenya's Capital Markets Authority is seeking a blockchain monitoring tool to enhance its ability to track and combat crypto-related crimes. The tool will monitor over 20 public blockchains to detect fraud, money laundering, and sanctions evasion. This initiative is part of Kenya's new crypto legal framework aimed at strengthening enforcement capabilities. The platform will provide automatic alerts for high-risk wallets, large transfers, and addresses linked to mixers or the dark web, and will screen transactions against sanctions lists from the United Nations and the U.S. Office of Foreign Assets Control.
Kenya Seeks Blockchain Tool to Combat Crypto Crimes
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