Regulation· ★★· neutral·

Faida Bank Kenya CIO: Regulated Funds Cannot Trade Unregulated Crypto Products

  • —Faida Unit Trust Funds manages about KES 19.42 billion in assets and serves over 9,500 clients
  • —Kahangara: CMA directives bar a regulated entity from trading unregulated products
  • —The fund is waiting for the CMA to finish adopting virtual asset regulations
  • —Volatility and return consistency are also cited as reasons to stay out of crypto
Why it matters: Kenyan regulated funds will stay on the sidelines of crypto until the CMA finalizes virtual asset rules.
Source: BitcoinKE
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