{"id":30661,"date":"2026-07-07T19:30:06","date_gmt":"2026-07-07T18:30:06","guid":{"rendered":"https:\/\/investx.fr\/en\/2026\/07\/07\/kenya-blockchain-tool-track-crypto-crime\/"},"modified":"2026-07-07T19:30:08","modified_gmt":"2026-07-07T18:30:08","slug":"kenya-blockchain-tool-track-crypto-crime","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/kenya-blockchain-tool-track-crypto-crime\/","title":{"rendered":"Kenya: Market Regulator Plans to Monitor Over 20 Blockchains to Track Crypto Crime"},"content":{"rendered":"\n

Kenya is taking a decisive step forward in crypto regulation. The country’s Capital Markets Authority (CMA)<\/strong> has just issued a formal request for proposals to acquire a blockchain analytics tool capable of monitoring more than 20 networks simultaneously.<\/p>\n\n\n\n

The objective is clear: to detect fraud, money laundering, and sanctions evasion<\/strong> in a rapidly expanding crypto market. This initiative falls under Kenya’s new crypto law<\/strong> and could set a precedent across the African continent.<\/p>\n\n\n\n

Behind this technical move lies a far broader regulatory ambition \u2014 with real, concrete implications for industry players operating across East Africa<\/strong>.<\/p>\n\n\n\n

The CMA Wants Tools Worthy of the World’s Top Regulatory Agencies<\/h2>\n\n\n\n

The Capital Markets Authority of Kenya<\/strong> has published a formal request for proposals to acquire a blockchain intelligence solution. The requirements are ambitious: the tool must cover more than 20 blockchains, including Bitcoin<\/strong><\/a>, Ethereum<\/strong>, and the major chains used in peer-to-peer transactions across sub-Saharan Africa.<\/p>\n\n\n\n

In practical terms, the platform must be able to trace suspicious fund flows, identify wallets linked to sanctioned entities, and detect typical money laundering patterns \u2014 such as layering<\/strong> and the use of mixers<\/strong>. This type of tool is already used by regulators such as the U.S. SEC<\/strong> and France’s AMF<\/strong>, through solutions like Chainalysis, Elliptic<\/strong>, and TRM Labs<\/strong>.<\/p>\n\n\n\n

The CMA has made clear that this tool is directly tied to the enforcement of the Virtual Asset Service Providers Act<\/strong>, Kenya’s recently adopted digital assets law. This legislation requires crypto exchanges and service providers to comply with strict obligations around anti-money laundering (AML)<\/strong> and know your customer (KYC)<\/strong> standards.<\/p>\n\n\n\n

Africa’s Crypto Market Under Growing Regulatory Pressure<\/h2>\n\n\n\n

Kenya<\/strong> is far from a marginal player in the African crypto ecosystem. According to Chainalysis<\/strong> data, the country consistently ranks among the top ten global markets for cryptocurrency adoption<\/a> by GDP-adjusted volume. Peer-to-peer transfers \u2014 particularly via stablecoins<\/strong> \u2014 are massive, driven by a young, digitally connected, and largely unbanked population.<\/p>\n\n\n\n

It is precisely this rapid adoption that also attracts bad actors. Crypto scams, Ponzi schemes<\/strong>, and unregulated platforms have proliferated in recent years, causing significant losses for local investors. The CMA is therefore looking to close a structural gap in on-chain surveillance<\/strong>.<\/p>\n\n\n\n

Kenya’s initiative is part of a broader continental trend. Nigeria, South Africa<\/strong>, and Ghana<\/strong> have all strengthened their crypto regulatory frameworks throughout 2023 and 2024. Africa is fast becoming a regulatory laboratory<\/a> worth watching closely, with approaches that combine financial inclusion with systemic risk control<\/strong>. For exchanges and projects active in the region, compliance is no longer optional \u2014 it is a condition of market access.<\/p>\n\n\n\n

\n\n\n\n

Related articles :<\/h3>\n\n\n\n