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

0 7

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

knife

Kenya residents who wish to shape their country’s policy towards the crypto ecosystem can now do so by participating in a public survey on virtual assets and virtual assets service providers, the Financial Reporting Centre (FRC) has said. The FRC says the public’s feedback “will play a vital role in shaping the future of the virtual assets ecosystem and promoting a safer and more transparent financial system.”

Crypto Growth and Financial Innovation

Kenya’s Financial Reporting Centre (FRC) has asked residents of East Africa’s largest economy to participate in its ongoing public survey on virtual assets and virtual assets service providers (VASPs). FRC, a statutory body established under Kenya’s anti-money laundering law, says the anonymously shared feedback is expected to help authorities better understand the country’s crypto ecosystem.

In a statement left on its website, the anti-money laundering body acknowledges the rapid growth of the ecosystem as well as the space’s potential ability “to spur financial innovations and efficiency.” The organization however argued that the crypto market’s rapid growth can also present opportunities for illicit activities like money laundering and terrorism financing.

Therefore, in order to protect the Kenya financial system and consumers, the FRC said it wants Kenyans to share their thoughts via the survey. The body added:

Your feedback will play a vital role in shaping the future of the virtual assets ecosystem and promoting a safer and more transparent financial system. The FRC appreciates your participation and looks forward to receiving your input by 8 September 2023.

According to the FRC, prospective survey participants can share their thoughts via the six-page form on its website. As claimed on the form, the information gathered during the survey period “will only be used to help drive policy decisions with regard to the crypto industry in Kenya.”

Register your email here to get a weekly update on African news sent to your inbox:

What are your thoughts on this story? Let us know what you think in the comments section below.

Leave A Reply

Your email address will not be published.

bitcoin
Bitcoin (BTC) $ 58,196.59
ethereum
Ethereum (ETH) $ 3,143.99
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 534.48
solana
Solana (SOL) $ 138.89
usd-coin
USDC (USDC) $ 1.00
staked-ether
Lido Staked Ether (STETH) $ 3,142.16
xrp
XRP (XRP) $ 0.467438
the-open-network
Toncoin (TON) $ 7.30
dogecoin
Dogecoin (DOGE) $ 0.107598
cardano
Cardano (ADA) $ 0.414042
tron
TRON (TRX) $ 0.13679
avalanche-2
Avalanche (AVAX) $ 25.71
shiba-inu
Shiba Inu (SHIB) $ 0.000016
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 58,235.60
polkadot
Polkadot (DOT) $ 6.06
chainlink
Chainlink (LINK) $ 12.73
bitcoin-cash
Bitcoin Cash (BCH) $ 360.22
uniswap
Uniswap (UNI) $ 8.18
near
NEAR Protocol (NEAR) $ 5.04
dai
Dai (DAI) $ 1.00
leo-token
LEO Token (LEO) $ 5.70
litecoin
Litecoin (LTC) $ 69.13
matic-network
Polygon (MATIC) $ 0.506748
wrapped-eeth
Wrapped eETH (WEETH) $ 3,279.83
kaspa
Kaspa (KAS) $ 0.167029
pepe
Pepe (PEPE) $ 0.000009
ethena-usde
Ethena USDe (USDE) $ 0.999198
internet-computer
Internet Computer (ICP) $ 7.33
ethereum-classic
Ethereum Classic (ETC) $ 21.53
monero
Monero (XMR) $ 159.34
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.15
aptos
Aptos (APT) $ 6.09
stellar
Stellar (XLM) $ 0.091378
blockstack
Stacks (STX) $ 1.70
render-token
Render (RNDR) $ 6.17
hedera-hashgraph
Hedera (HBAR) $ 0.067077
cosmos
Cosmos Hub (ATOM) $ 6.07
crypto-com-chain
Cronos (CRO) $ 0.088208
maker
Maker (MKR) $ 2,510.59
mantle
Mantle (MNT) $ 0.703681
filecoin
Filecoin (FIL) $ 4.01
arbitrum
Arbitrum (ARB) $ 0.702102
okb
OKB (OKB) $ 37.46
vechain
VeChain (VET) $ 0.026956
renzo-restaked-eth
Renzo Restaked ETH (EZETH) $ 3,185.62
immutable-x
Immutable (IMX) $ 1.28
first-digital-usd
First Digital USD (FDUSD) $ 0.999269
optimism
Optimism (OP) $ 1.73
injective-protocol
Injective (INJ) $ 19.87
sui
Sui (SUI) $ 0.739679
rocket-pool-eth
Rocket Pool ETH (RETH) $ 3,518.22
the-graph
The Graph (GRT) $ 0.184441
bittensor
Bittensor (TAO) $ 242.77
bonk
Bonk (BONK) $ 0.000023
dogwifcoin
dogwifhat (WIF) $ 1.57
mantle-staked-ether
Mantle Staked Ether (METH) $ 3,265.66
notcoin
Notcoin (NOT) $ 0.015172
lido-dao
Lido DAO (LDO) $ 1.70
arweave
Arweave (AR) $ 22.83
aave
Aave (AAVE) $ 97.91
bitget-token
Bitget Token (BGB) $ 1.03
ondo-finance
Ondo (ONDO) $ 0.990552
theta-token
Theta Network (THETA) $ 1.39
whitebit
WhiteBIT Coin (WBT) $ 9.54
floki
FLOKI (FLOKI) $ 0.000142
fantom
Fantom (FTM) $ 0.472239
celestia
Celestia (TIA) $ 6.35
thorchain
THORChain (RUNE) $ 3.61
jasmycoin
JasmyCoin (JASMY) $ 0.024519
algorand
Algorand (ALGO) $ 0.137438
based-brett
Brett (BRETT) $ 0.113308
ether-fi-staked-eth
ether.fi Staked ETH (EETH) $ 3,137.00
pyth-network
Pyth Network (PYTH) $ 0.290656
quant-network
Quant (QNT) $ 71.56
jupiter-exchange-solana
Jupiter (JUP) $ 0.760009
coredaoorg
Core (CORE) $ 1.10
sei-network
Sei (SEI) $ 0.315376
elrond-erd-2
MultiversX (EGLD) $ 35.34
gatechain-token
Gate (GT) $ 6.98
mantra-dao
MANTRA (OM) $ 1.08
flare-networks
Flare (FLR) $ 0.019323
kucoin-shares
KuCoin (KCS) $ 9.12
flow
Flow (FLOW) $ 0.551388
ethereum-name-service
Ethereum Name Service (ENS) $ 26.06
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 3,188.80
axie-infinity
Axie Infinity (AXS) $ 5.43
tokenize-xchange
Tokenize Xchange (TKX) $ 9.92
dydx-chain
dYdX (DYDX) $ 1.30
eos
EOS (EOS) $ 0.523813
akash-network
Akash Network (AKT) $ 3.25
gala
GALA (GALA) $ 0.021436
bitcoin-sv
Bitcoin SV (BSV) $ 39.14
bittorrent
BitTorrent (BTT) $ 0.00000079541311
tezos
Tezos (XTZ) $ 0.763024
beam-2
Beam (BEAM) $ 0.014841
fasttoken
Fasttoken (FTN) $ 2.34
msol
Marinade Staked SOL (MSOL) $ 166.74
usdd
USDD (USDD) $ 0.999362
starknet
Starknet (STRK) $ 0.558199