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Kenya proposes insurance for crypto assets to address rising risks and modernize its sector.
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.
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.
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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Kenia propone un seguro para los activos criptográficos para hacer frente a los crecientes riesgos y modernizar su sector.