Kenya Passes Landmark Crypto Law
- Kenya's Parliament passed the Virtual Asset Service Providers Bill, 2025.
- The bill creates a multi-agency oversight system under the Central Bank of Kenya and the Capital Markets Authority.
- Lawmakers removed a clause that would have given a Binance-linked lobby group a seat on the national crypto regulator.
The passage of the Virtual Asset Service Providers Bill is a significant step for Kenya in establishing a structured approach to cryptocurrency regulation. However, the removal of the Binance-linked clause raises questions about the influence of major players in shaping regulatory frameworks. Ongoing monitoring of the implementation and impact of these regulations will be crucial for ensuring a balanced and fair crypto market.
