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flag Kenya proposes insurance for crypto assets to address rising risks and modernize its sector.

flag Kenya’s Insurance Regulatory Authority is proposing new rules that would allow insurers to offer coverage for cryptocurrencies and other digital assets, marking the first step toward formalizing digital asset insurance in the country. flag The draft Insurance (Amendment) Regulations, 2025, aim to address regulatory gaps amid rising crypto adoption and technological advances in insurance, including AI and digital claims processing. flag The move seeks to manage emerging risks like cybersecurity threats and privacy concerns while modernizing the sector and improving cross-border coordination.

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