According to Business Daily, the International Monetary Fund (IMF) has urged Kenya to incorporate a cryptocurrency travel rule into its regulatory framework. This rule requires cryptocurrency service providers to collect, verify, and securely transmit the sender's and recipient's identity information, including name, address, identification number, and wallet address, when processing transfers. This information will be used for counterparty verification, sanctions screening, and identification of suspicious transactions, and will support reporting of suspicious activity to the Kenyan Financial Reporting Centre (FRC). The IMF recommends that these requirements be incorporated into Kenya's Virtual Asset Service Providers Regulation or other appropriate legal documents as soon as possible. Kenya has been on the FATF's grey list for anti-money laundering regulations since February 2024. https://www.(wublock123.com)/news/imf-urges-kenya-crypto-travel-rule-exchanges-share-user-ids-71678