Kenya: Central Bank (Amendment) Act including operational license requirement entered into force
Description
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…
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