Kenya: President signed Central Bank (Amendment) Act including operational license requirement
Description
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 …
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
central government