The rise of cryptocurrencies in the area has increased the risk of money laundering and terrorism in Kenya.

Kenyan authorities are disturbed by the rise in cryptocurrency use and have issued a warning that trading in cryptocurrencies may increase the risk of money laundering and terrorism funding.Because the cryptocurrency market is developing so quickly, according to Kamau Thugge, governor of the Central Bank of Kenya (CBK), international legislation are required to protect people from risks. When speaking before an ad hoc committee of the National Assembly on Tuesday, Dr. Thugge mentioned a lack of legislation that forbids cryptocurrency trading as a potential route for the industry to be used as a conduit for money laundering and funding terrorism. The committee was investigating Worldcoin's activities in Kenya. The CBK chairman recommended caution, adding that control requires supervisory collaboration.