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@zzk According to Cointelegraph, Kenyan Finance Minister John Mbadi stated that the government is committed to establishing a legal and regulatory framework for cryptocurrencies and has drafted a proposal for a national policy on virtual assets and virtual asset service providers. The draft aims to create a fair, competitive, and stable market for cryptocurrencies while addressing risks such as money laundering, terrorism financing, and consumer protection. The draft proposes to establish a comprehensive legal and regulatory framework to manage virtual asset activities and their service providers (VASP), and to develop relevant standards and procedures. Its goal is to promote the healthy development of Kenya's virtual asset market. The proposal will receive public feedback before January 24th. If approved, Kenya will join countries such as South Africa and Nigeria that have implemented cryptocurrency regulation. @fits
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