Kenya Parliament Approves First Crypto Regulatory Bill: A Step Towards Financial Sector Development

Kenya’s parliament has passed a crucial legislation, paving the way for the country to become a leader in the regulation of digital assets. The Virtual Asset Service Provider (VASP) bill, which was approved on October 9, 2025, seeks to establish clear rules for cryptocurrencies and is expected to attract investment while setting a precedent for other African nations. The Central Bank of Kenya will oversee regulatory processes in the newly implemented framework.