CBK

Central Bank of Kenya (CBK): Regulator of the Financial System

The Central Bank of Kenya plays a vital role in the development and regulation of the GP Money project, which aims to create a tokenized platform for microfinancing in Africa.

GP Money adheres to the legislation of African countries, including obtaining licenses for financial services and cryptocurrency operations. Partnerships with regulatory authorities have been established to minimize legal risks and enhance trust.

Licensing and Compliance:

GP Money, as a platform providing microloans and utilizing $GPM tokens, falls under the regulation of the CBK within the framework of the Digital Credit Providers Regulations, 2022 and complies with the legislation of African countries, including securing licenses for financial services and cryptocurrency. GP Money commits to:

• Adhering to data protection and anti-money laundering requirements.

• Ensuring transparency in operations, including automated collateral asset evaluation and issuing loans without guarantors.