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Kenya Parliament Passes VASP Bill to Legalize Digital Assets in 2025

Kenya Parliament Passes VASP Bill to Legalize Digital Assets in 2025

Author:

Global Cryptocurrency

Published:

2025-10-14 12:37:02

18

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BTCCSquare news:

Kenya's parliament has approved the Virtual Asset Service Providers (VASP) Bill, marking a watershed moment for cryptocurrency regulation in the country. The legislation now awaits presidential assent to become law, creating Africa's most sophisticated crypto framework to date.

Dual oversight will characterize the new regime. The Central Bank of Kenya assumes authority over stablecoin licensing while the Capital Markets Authority regulates trading platforms. This bifurcated approach aims to marry consumer protection with technological innovation.

Market participants anticipate the move will unlock significant capital inflows. Kenya's tech-savvy youth demographic—already among Africa's most active crypto users—stands to benefit from enhanced investor protections and institutional-grade infrastructure.

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