The International Monetary Fund (IMF) recommended in a technical assistance report published on November 6 that Kenya require crypto platforms to collect, verify and transmit identity information of senders and recipients in regulated transfers. The "Travel Rule" would mandate sharing names, account details, addresses, ID numbers and wallet information across virtual asset service providers.
The IMF identified "significant gaps" in Kenya's international information-sharing requirements for crypto transactions and urged authorities to incorporate the obligations into existing VASP regulations as soon as possible. Kenya's Virtual Asset Service Providers Act took effect in November 2025, with oversight provided by the Central Bank of Kenya and the Capital Markets Authority.
IMF Urges Kenya to Implement Crypto Travel Rule for VASP Regulations
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