Kenya Moves Closer to Regulating Crypto Firms With VASP Framework
BeInCrypto
Kenya has concluded public consultations on new regulations for virtual asset service providers to oversee its growing digital asset sector.Summary
Kenya is advancing its oversight of the digital asset industry by completing public consultations on the draft Virtual Asset Service Providers (VASP) regulations. These rules, designed to implement the 2025 crypto-related law, introduce comprehensive licensing, governance, and anti-money laundering requirements for crypto businesses. By establishing strict consumer protections, market conduct standards, and a shared regulatory role for central bank and capital market authorities, Kenya aims to balance financial innovation with stability in one of Africa's most mature fintech markets.
(Source：BeInCrypto)