Kenya has taken a major step towards regulating its burgeoning digital asset sector with the passage of a new bill. This legislation, aiming to provide clear oversight and foster global investment, will establish regulatory frameworks for cryptocurrencies and other digital assets. The Central Bank of Kenya and Capital Markets Authority will be responsible for overseeing asset issuance and trading platforms, respectively. This move signifies a significant change from the largely unregulated landscape in recent years, and aligns with established practices from nations like the U.S. and UK. The bill is anticipated to attract both local and international investors seeking clarity within this growing sector.