CAK seeks powers to regulate competition in digital markets, virtual assets
CAK Director General David Kemei said the current Competition Act does not adequately address emerging sectors such as cryptocurrencies, stablecoins and other digital services, making enforcement difficult...
✨ Key Highlights
The Competition Authority of Kenya (CAK) is seeking to expand its regulatory powers to cover emerging digital markets and virtual assets through the proposed Competition (Amendment) Bill, 2026.
- The current Competition Act is deemed insufficient to address sectors like cryptocurrencies and digital services.
- CAK Director General David Kemei stated the bill aims to strengthen enforcement and align Kenya's competition regime with global digital economy developments.
- Proposed amendments would also empower CAK to address abuse of superior bargaining position, even in competitive markets, to protect smaller businesses and foster innovation.
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