C
Originally published by Capital Business
📰 Read Full Article
business
July 23, 2026
4h ago

CAK seeks powers to regulate competition in digital markets, virtual assets

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.

Continue Reading

Read the complete article from Capital Business

📰 Read Full Article
Advertisement
Advertisement