After being approved by the National Assembly Committee, Kenya’s Capital Markets (Amendment) Bill will be presented to the lower chamber of the parliament.
National Assembly Committee’s Endorsement
The National Assembly’s Finance and National Planning Committee in Kenya has given its nod to the Capital Markets (Amendment) Bill, 2023, aimed at regulating and taxing the burgeoning digital currency market in the country. Sponsored by Mosop MP Abraham Kirwa, the bill has now moved one step closer to becoming law.
According to a local report, Committee Chairman Kimani Kuria emphasized the significance of the bill in safeguarding the nation against illicit activities, saying,
„This is a very critical law that will guard our country against proceeds of crime and terrorism financing. Cryptocurrencies are already being traded by millions of Kenyans yet we have no law to govern it. We approve this Bill for publication.”
With committee approval secured, the bill is set to progress to the
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