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Kenyan lawmakers ask blockchain association to draft virtual asset bill

Regulation

Kenya’s National Assembly Departmental Committee on Finance and National Planning asked the Blockchain Association of Kenya (BAK) to prepare a preliminary proposal for regulating virtual asset service providers. BAK’s legal and policy director Allan Kakai said the committee wanted to explore the digital asset sector and its policy challenges.

The proposed framework could shape compliance requirements for virtual asset businesses in Kenya.

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Regulation

Brazilian Congress president extends betting ban measure by 60 days

Brazil’s Congress president, Davi Alcolumbre, extended the provisional measure prohibiting fixed-odds betting for a further 60 days, with the decision published on 11 November. The extension gives lawmakers until February to consider the measure, which would end betting authorisations, block websites and apps, and return user balances; the government estimates the ban would reduce revenue by BRL12bn.

Brazil’s provisional ban on fixed-odds betting has been extended by another 60 days by Congress president Davi Alcolumbre. The decision appeared in the federal official gazette on Wednesday 11.

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