Unregulated crypto market scares investors from capital markets
Cryptocurrency-based crimes hit a record high in 2021, with illicit transactions rising 79.4 percent to $14 billion, from $7.8 billion in 2020. PHOTO | FILE
Business and Technology Reporter in Nairobi, Kenya
Nation Media Group
Lack of regulations for cryptocurrency exchanges and coins is scaring away investors who would otherwise invest in the less volatile and well-regulated capital markets in the region, experts warn.
Crypto exchanges have taken advantage of the lack of regulation in the sector to freely advertise their products to lure investors, something that is prohibited across the region for any products of the capital markets.
