Odaily Planet Daily News: Some cryptocurrency startups have expressed concerns about the proposed Virtual Asset Service Provider (VASP) bill in Kenya, warning that the bill could give undue influence to Binance-related lobbying groups, potentially undermining fair competition in the country's digital asset industry. Some cryptocurrency stakeholders in Kenya claim that the local Virtual Assets Chamber (VAC) has conducted regulatory negotiations sponsored by Binance, lacking independence and acting as an agent for the exchange. Reports indicate that Binance pays VAC $6,000 per country each month for policy advocacy under the guise of a non-disclosure agreement, raising concerns in the market that the lobbying group may distort Kenya's cryptocurrency rules to benefit Binance and marginalize local participants. (Cointelegraph)