Kenya Establishes Regulatory Framework for Crypto Sector
Kenya's parliament has passed the VIRTUAL Asset Service Providers Bill, creating a structured regulatory environment for digital assets. The legislation empowers the Central Bank of Kenya to oversee stablecoin issuance while delegating exchange supervision to the Capital Markets Authority.
This regulatory clarity positions Kenya as a potential hub for African crypto innovation, offering institutional investors a compliant entry point. The move mirrors global trends of jurisdictions competing to attract blockchain investment through balanced regulation.