Kenya: Operational license requirement in Central Bank (Amendment) Act (Act No. 15 of 2021)
Progress
Current status
in force
23 Dec 2021 in force
07 Dec 2021 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 government
Implementation Level
national
Timeline of events
Central Bank (Amendment) Act including operational license requirement entered into force
On 23 December 2021, the Central Bank of Kenya (CBK) (Amendment) Act, 2021 (Act No. 15 of 2021) was published in the official gazette and entered into force. The act empowers the CBK to license, approve digital channels, set pricing parameters, supe…
SourceEvent type
law
Action type
implementation
Government branch
executive
Government body
central government
President signed Central Bank (Amendment) Act including operational license requirement
On 7 December 2021, the President signed the Central Bank of Kenya (CBK) (Amendment) Act, 2021 (Act No. 15 of 2021). The Act empowers the CBK to license, approve digital channels, set pricing parameters, supervise, and suspend or revoke licences of …
SourceEvent type
law
Action type
signing
Government branch
executive
Government body
central government