Kenya to regulate digital assets with new crypto bill
Kenya has announced its plans to regulate digital assets with the introduction of a new crypto bill, aimed at optimising customer experience.
Following this announcement, Kenya is set to introduce its first comprehensive legislation aimed at regulating the overall cryptocurrency sector through the use of a newly proposed Virtual Assets Service Providers (VASP) Bill. This process marks an important step made by the government to bring clarity and control to a fast-growing and unregulated part of its financial system.
In addition, the bill will be spearheaded by the National Treasury, and it aims to introduce a structured framework requiring all virtual asset providers to be licensed by designated regulators, such as the…
