IMF Urges Kenya to Introduce Crypto Travel Rule, Requiring Platforms to Share Customer Information

November 10: According to crypto.news, the International Monetary Fund (IMF) recommended in a technical assistance report published on November 6 that Kenya require crypto platforms to collect, verify and transmit the identity information of senders and recipients in regulated transfers, including names, account information, addresses, ID numbers and wallet information—in other words, to introduce the "Travel Rule." The IMF said Kenya has "significant gaps" in international information-sharing requirements for crypto transactions and recommended that the relevant obligations be incorporated as soon as possible into its virtual asset service provider (VASP) regulations or other appropriate legal instruments. Kenya's Virtual Asset Service Providers Act took effect in November 2025, with the Central Bank of Kenya and the Capital Markets Authority providing sector-specific oversight.