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CMA pushes Kenyan firms to acquire bank-backed guarantees in bond issue

CMA pushes Kenyan firms to acquire bank-backed guarantees in bond issue
theeastafrican.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theeastafrican.co.ke Daily Mail and Mail on Sunday newspapers.

Kenyan Capital Markets Regulator Wants Better Coordination With Other Bodies When Testing Crypto Assets – Regulation Bitcoin News

Kenyan Capital Markets Regulator Wants Better Coordination With Other Bodies When Testing Crypto Assets Kenya’s Capital Markets Authority (CMA) says the country needs a more encompassing approach that enables it to leverage other regulators’ expertise when testing crypto assets. Kenyan Crypto Interest Also, the Kenyan body, which favours a joint financial sector regulatory sandbox, says it is keen to forge “a common stance and joint-messaging with the Central Bank of Kenya (CBK)” when it comes to cryptos. The CMA’s latest commentary on cryptocurrencies follows the release of the Capital Markets Soundness report of Q1, 2021. According to the quarterly report, which itself relies on the Chainalysis 2020 Geography of Cryptocurrency Report, Kenya “is the top 5 in global crypto-trading activity.” The country’s interest in cryptos is also reaffirmed by a Blockchainnenter.net report which places Kenya’s bitcoin search interest at 94.7%.

Why is Kenya set to become Africa s most contested forex trading space?

CMA adds extra layer of scrutiny to shield investors from fraud at bourse

The East African Monday December 21 2020 Summary Over the past six years (2014-2019) the number of cases of fraudulent activities in the capital markets reported to the market regulator has risen by 59 per cent from 22 to 35. Advertisement Kenya’s Capital Markets Authority (CMA) is now taking on a more active role in stemming a rise in fraudulent activities targeting unsuspecting investors on the Nairobi Securities Exchange (NSE). The CMA has decreed that, “In order to counter the frauds, the Capital Markets Fraud Investigation Union (CMFIU) has engaged the market intermediaries and agreed that before any transactions take place, the documents involved should be availed to CMA for scrutiny and authentication.”

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