Kenyan Residents Asked to Participate in a ‘Public Survey on Virtual Assets’

Kenya residents who privation to signifier their country’s argumentation towards the crypto ecosystem tin present bash truthful by participating successful a nationalist survey connected virtual assets and virtual assets work providers, the Financial Reporting Centre (FRC) has said. The FRC says the public’s feedback “will play a captious relation successful shaping the aboriginal of the virtual assets ecosystem and promoting a safer and much transparent fiscal system.”

Crypto Growth and Financial Innovation

Kenya’s Financial Reporting Centre (FRC) has asked residents of East Africa’s largest system to enactment successful its ongoing nationalist survey connected virtual assets and virtual assets work providers (VASPs). FRC, a statutory assemblage established nether Kenya’s anti-money laundering law, says the anonymously shared feedback is expected to assistance authorities amended recognize the country’s crypto ecosystem.

Participate successful the Public Survey connected Virtual Assets (VAS) and Virtual Assets Service Providers (VASPs) successful Kenya! @FRC_Kenya is calling connected the nationalist to anonymously stock their insights and opinions connected the increasing satellite of virtual assets. #BlockchainKenya pic.twitter.com/TbBk84ymNM

— Blockchain Association of Kenya (BAK) (@BlockchainKenya) August 17, 2023

In a connection near connected its website, the anti-money laundering assemblage acknowledges the accelerated maturation of the ecosystem arsenic good arsenic the space’s imaginable quality “to spur fiscal innovations and efficiency.” The enactment nevertheless argued that the crypto market’s accelerated maturation tin besides contiguous opportunities for illicit activities similar wealth laundering and coercion financing.

Therefore, successful bid to support the Kenya fiscal strategy and consumers, the FRC said it wants Kenyans to stock their thoughts via the survey. The assemblage added:

Your feedback volition play a captious relation successful shaping the aboriginal of the virtual assets ecosystem and promoting a safer and much transparent fiscal system. The FRC appreciates your information and looks guardant to receiving your input by 8 September 2023.

According to the FRC, prospective survey participants tin stock their thoughts via the six-page form connected its website. As claimed connected the form, the accusation gathered during the survey play “will lone beryllium utilized to assistance thrust argumentation decisions with respect to the crypto manufacture successful Kenya.”

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