Android App Launch

🔥 This week will see the release of US CPI and the US Federal Reserve FOMC decision; tokens worth over $240 million will be unlocked this week...

The Kenyan government recently established a multi-agency technical working group tasked with developing a framework for regulating and monitoring the cryptocurrency industry. The group, which includes financial regulators such as the Central Bank of Kenya, is set to draft rules for controlling and monitoring Virtual Asset Service Providers (VASPs). FATF Grey Listing Threat The Kenyan government recently announced the formation of a multi-agency technical working group tasked with developing a regulatory framework for the cryptocurrency industry. The group, comprising Kenyan regulators and the Central Bank of Kenya (CBK), was disclosed in a brief from Treasury Cabinet Secretary Njuguna Ndung’u. As reported by Bitcoin.com News in late February, concerns that the Financial Action Taskforce (FATF) might add the East African nation to its grey list due to its failure to regulate the crypto industry led authorities to consider creating a body to oversee this sector. The authorities said the proposed body would be responsible for drafting regulations for the Kenyan crypto sector, but no commencement date was provided. Online Marketing of Virtual Assets Proliferates Meanwhile, a report from Business Daily suggests that the multi-agency working group is expected to draft rules to regulate and monitor virtual asset service providers (VASPs) and the use of virtual assets in the country. Ndung’u meanwhile is quoted in the report explaining the importance of having such a regulatory framework. He said: “Due to the emergence of online marketing of virtual assets and online fraudulent investment options, CBK and other financial sector regulators issued notices warning the public against the use of unlicensed financial products and services.” Although the Kenyan Treasury Cabinet Secretary does identify unlicensed products that residents should avoid, the Business Daily report implied that Worldcoin was one of the VASPs operating without approval. An investigation by Kenya’s Directorate of Criminal Investigations discovered that as much as $18.5 million (KES2.5 billion) was irregularly injected into the economy in 2023. While Worldcoin was eventually compelled to cease its activities, interest in cryptocurrencies remains high among Kenyans, and many continue to fall victim to crypto-related scams. However, Kenyan authorities believe that the establishment of the regulatory framework will help mitigate scams and provide investor protection.#ContentStar##比特币##BTC##HotTopicDiscussion##BountyCreator#

Now the experts who are flying all kinds of show off their Long cattle, the new brothers must polish their eyes, do not know what to buy, according to the Market Cap ranking in the top 30 closed eyes to buy! DOGE, KAS, SATS, PYTH, CBK, WLD, etc Awesome experts, I suggest that you make a real deal, don't shout! If the technology can, I believe that everyone is willing to go with you. I am a bull brother who is an expert in anti-counterfeiting in the Crypto World!!

Now the experts are flying all kinds of show off their Long, and the new green leeks must keep their eyes open, and if they don't know what to buy, just close their eyes and buy according to the top 30 in the Market Cap order! BTC, ETH, DOGE, KAS, SATS, PYTH, CBK, WLD, etc If the expert is powerful, it is not enough to directly make a real deal, everyone go to talk to him, don't shout every day, you are real, real, real! I am a bull brother who is an expert in anti-counterfeiting in the Crypto World!!

Changes in financial policy are exacerbating market uncertainty, and Bitcoin is facing a critical moment. Market Observation The Federal Reserve's monetary policy is at a complex crossroads. Chairman Powell stated that the Fed might have already cut interest rates if not for the tariff plans that could undermine inflation control achievements. While he kept all possibilities open for the July rate decision, his remarks suggest that policy flexibility is increasing, and if employment data weakens in the future, the threshold for rate cuts may be lowered. At the same time, the U.S. government's fiscal policy has added new variables, with the "Big and Beautiful" tax and spending bill narrowly passing in the Senate, and the House is set to debate and vote on it on Wednesday. The bill has far-reaching implications, planning to cut taxes, reduce social spending, while increasing military and immigration enforcement budgets, which is expected to add up to $3.3 trillion to U.S. national debt over the next decade. On trade, the President's stance is tough, clearly stating that he will not delay the tariff deadline of July 9, and has positioned Japan as a target.