Kenya: Central Bank (Digital Credit Providers) Regulations
Progress
Current status
in force
18 Sep 2022 in force
14 Mar 2022 adopted
Scope
Implementers
Kenya
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central bank
Implementation Level
national
Timeline of events
Central Bank's Digital Credit Providers Regulations entered into force
On 18 September 2022, the Central Bank of Kenya (CBK) (Digital Credit Providers) Regulations, 2022, entered into force. Entities already conducting digital credit business at the commencement of these regulations were required to apply for a licence…
SourceEvent type
order
Action type
implementation
Government branch
executive
Government body
central bank
Governor of the Central Bank signed (Digital Credit Providers) Regulations
On 14 March 2022, the Governor of the Central Bank of Kenya (CBK) signed the (Digital Credit Providers) Regulations, 2022. The regulations mandate that any entity intending to offer digital credit services in Kenya must obtain a licence from the CBK…
SourceEvent type
order
Action type
adoption
Government branch
executive
Government body
central bank