Senate, CBK To Come Up With A Policy Regarding Virtual Assets Service Providers
SasaPay and Oma service teams
By: John Kariuki
The Senate Standing Committee on Information, Communication and Technology, chaired by Trans Nzoia Senator Allan Chesang, has today resolved to engage with the Central Bank of Kenya (CBK) and other stakeholders to come up with a policy regarding virtual assets service providers and use of crypto assets in Kenya.
While considering the response received from the CBK regarding the Committee’s inquiry on digital assets infrastructure in Kenya at Parliament Buildings, the Members of the Committee emphasized the need to have a laid down policy that governs the Central Bank Digital Currency and crypto assets in the country to ensure Kenya harnesses the benefits of financial innovation while minimizing the risks.
Other Members in attendance were Senator Boy Issa Juma (Kwale), Senator Godfrey Atieno Osotsi (Vihiga), Senator Shakila Abdalla Mohamed (Nominated), Senator Karen Njeri Nyamu (Nominated) and Senator Beatrice Akinyi Ogola (Nominated).
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