Kenya proposes first crypto bill to regulate ICOs, stablecoins, exchanges
- Kenya proposes its first regulatory framework for cryptocurrencies with the Virtual Asset Service Providers Bill 2025.
- The bill introduces licensing rules for stablecoins, ICOs, digital wallets, crypto exchanges, and investment advisors.
- The Central Bank of Kenya will regulate wallet providers and stablecoin issuers, while the Capital Markets Authority will oversee exchanges and investment advisors.
Techpoint Africa - Apr 7, 2025
Kenya moves to regulate digital assets with new crypto bill
Kenya is introducing its first comprehensive legislation to regulate the cryptocurrency sector throu
The introduction of a regulatory framework for cryptocurrencies in Kenya is a significant step towards legitimizing the crypto market and protecting investors. However, the success of this initiative will heavily rely on the regulators' ability to adapt to the fast-paced changes in the crypto landscape and ensure compliance among service providers.
