Kenyan Residents Asked to Participate in a ‘Public Survey on Virtual Assets’
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.”
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.”
Therefore, in order to protect the Kenya financial system and consumers, the FRC said it wants Kenyans to
share their thoughts via the survey.
