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Kenya's markets regulator to clamp down online currency brokers

Capital Markets Authority's Paul Muthaura

NAIROBI, KENYA: The market regulator is planning on clamping down on unlicensed online currency traders in a bid to regulate the Forex black market.

The Capital Markets Authority has warned Kenyans against engaging in online foreign exchange trading through platforms of unlicensed entities as they risk losing their investments and may not be protected by the law.

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