Kenya Regulator Seeks Blockchain Tool to Combat Crypto Crime

Kenya's Capital Markets Authority (CMA) has announced its plans to adopt a blockchain-based tool to track and combat cryptocurrency-related crime. The move aims to protect investors and maintain market integrity in the country's growing crypto space.

The CMA is seeking a solution that will enable it to monitor and identify suspicious transactions, as well as provide real-time data on crypto prices and trading volumes.

According to the regulator, the blockchain tool will help prevent the use of cryptocurrencies for illicit activities such as money laundering and terrorist financing.