Kenya’s Government Moves Toward Crypto Legalization and Regulation With New Draft Policy
Kenya’s government is making moves to legalize and regulate crypto.
The National Treasury of Kenya released a draft policy last month outlining the broad strokes of a potential digital asset regulatory framework.
John Mbadi Ng’ongo, the cabinet secretary for the National Treasury and Economic Planning, says in a forward to the policy that the Kenyan government wants to “leverage opportunities” presented by crypto and virtual asset service providers (VASPs) while managing the sector’s risks.
“This policy guides the establishment of a sound legal and regulatory framework providing the fundamental foundation of a fair, competitive, and stable market for VAs and VASPs with the aim of fostering innovation, enhancing…
