IMF: Urges Kenya to Introduce Cryptocurrency Travel Regulations, Requires Platforms to Share Customer Information

According to a report by crypto.news, the International Monetary Fund (IMF) suggested in a technical assistance report released on November 6 that Kenya should require cryptocurrency platforms to collect, verify, and transmit the identity information of senders and recipients in regulated transfers, including names, account information, addresses, identification numbers, and wallet information, thereby introducing the "Travel Rule."

The IMF stated that Kenya has a "significant gap" in international information sharing requirements for cryptocurrency transactions and recommended that relevant obligations be incorporated into its Virtual Asset Service Provider (VASP) regulations or other appropriate legal documents as soon as possible. The Kenya Virtual Asset Service Provider Act came into effect in November 2025 and is regulated by the Central Bank of Kenya and the Capital Markets Authority in their respective sectors.