REGULATION | Competition Authority of Kenya Reportedly Rejects Seat in Joint Kenya Crypto Watchdog Citing a Lack of Mandate
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REGULATION | Competition Authority of Kenya Reportedly Rejects Seat in Joint Kenya Crypto Watchdog Citing a Lack of Mandate
The Competition Authority of Kenya (CAK) has turned down a proposal to join the Virtual Assets Regulatory Authority (VARA), a multi-agency task force formed to oversee the regulation of cryptocurrency activities in the country. The CAK cited a lack of mandate in overseeing the sector as the primary reason for declining the invitation to sit on the Technical Working Group on Crypto Assets, a team constituted to draft policies on crypto regulati…
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