The National Treasury has scrapped a proposal that would have capped ownership in cryptocurrency exchanges, wallet providers and stablecoin issuers at one-third, easing a restriction that experts had warned would discourage investment in Kenya’s virtual assets sector.
The provisions have been dropped in the final Virtual Asset Service Providers (VASP) Regulations, 2026, published by Treasury Cabinet Secretary John Mbadi.
It would have barred any individual or entity from controlling more than 33.3 percent of the issued share capital, voting rights, board representation, dividends or shareholder loan interests in a virtual asset exchange, stablecoin issuer or wallet provider.
Scrapping the proposal now opens the door for…
