Nairobi, Nov. 9 -- The International Monetary Fund (IMF) wants Kenya to compel cryptocurrency firms to share customer identification data such as names, addresses, and national ID numbers with the government to prevent money laundering.

The multilateral lender is pushing Kenya to enact laws that will create the Travel Rule, which is a set of guidelines that mandates virtual asset service providers to collect, verify, and share identifying information about the sender and receiver whenever a crypto transfer takes place

Published by HT Digital Content Services with permission from Business Daily....