KENYA
Ethiopia
Somalia
Uganda
Kenya
Law and Practice Contributed by: Keega Gakuua, Faith Njeri Njaggah and Alphonse Odido Keega & Company Advocates
Nairobi
Tanzania
Contents 1. Overview of Blockchain and Crypto-Assets p.377 1.1 Blockchain p.377 1.2 Crypto-Assets p.380 2. Regulation p.381 2.1 Regulators and International Alignment p.381 2.2 Crypto-Asset Regulatory Frameworks p.382 2.3 Regulated Firms and Legal Wrappers p.383 2.4 Token Issuance p.384 2.5 Market Abuse p.384 2.6 Non-Compliance p.385 3. Licensing and Set-Up Requirements p.386
3.1 Licensing Requirements p.386 3.2 Set-Up Requirements p.386 3.3 Change of Control p.388 3.4 Passporting p.388 4. Cross-Border Services p.389 4.1 Marketing p.389 4.2 White Labelling p.390 5. Decentralised Finance p.390 5.1 Ability to Use DeFi p.390 5.2 DeFi Structures p.390 5.3 Liability p.391 6. Payments and Stablecoins p.391
6.1 Payments p.391 6.2 Stablecoins p.391 7. Tokenisation and Real-World Assets p.392 7.1 Treatment p.392
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