IMF urges Kenya to make crypto firms share sender and recipient details

A new technical assistance report says Kenya's crypto rules lack enforceable Travel Rule obligations, a gap the fund wants closed The International Monetary Fund wants Kenya’s crypto platforms to start passing along who is sending money and who is receiving it. In a technical assistance report dated November 6, 2026, the IMF flagged a significant weakness in how Kenya polices crypto. The country has no enforceable information-sharing obligations under the Financial Action Task Force (FATF) Travel Rule. For a market that has grown as fast as Kenya’s, that is a sizable blind spot. What the IMF is asking for The IMF’s fix is to build those requirements into the existing rules for Virtual Asset Service Providers, or VASPs. That category covers the exchanges, wallets and other platforms that move crypto on behalf of customers. Under the IMF’s recommendations, platforms would collect and share core data on both ends of a crypto transaction. That includes names, addresses, national ID numbers and wallet addresses. That information would then be reported to the Financial Reporting Centre (FRC), Kenya’s financial intelligence unit, to support compliance with anti-money laundering guidelines...