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Originally published by Kenyans
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July 7, 2026
2w ago

State Unveils New Plan to Track Some Transactions in Crackdown on Wash Wash

State Unveils New Plan to Track Some Transactions in Crackdown on Wash Wash

This is one of the government attempts to have Kenya removed from the grey listing it suffered over illegal transactions...

✨ Key Highlights

Kenya's Capital Markets Authority (CMA) is set to enhance its oversight of the cryptocurrency sector by acquiring a new blockchain analytics system.

  • This initiative follows the enactment of the Virtual Assets Service Providers Act, 2025, empowering the CMA to regulate virtual asset service providers.
  • The new system will enable real-time monitoring, fraud detection, and screening against sanctions lists to combat illicit financial activities.
  • The CMA aims to improve its capacity to investigate and respond to risks associated with virtual assets, including money laundering and terrorism financing.

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