📰 Kenya Passes Landmark Crypto-Asset Law to Attract Global Investment
Kenya’s parliament has approved the Virtual Asset Service Providers Bill, a major step toward regulating digital assets like cryptocurrencies. The law aims to widen investment into the sector by providing a clear legal framework, especially for youthful users who trade or transact in virtual assets.
Under the new regime:
The Central Bank of Kenya will license issuance of stablecoins and other virtual assets.
The Capital Markets Authority Kenya will regulate platforms and exchanges dealing in cryptocurrencies.
The move is seen as positioning Kenya as a digital-finance hub for Africa, and could draw large crypto platforms to the region.
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