Kenya Approves Virtual Asset Bill: Crypto Regulation Takes Center Stage

Kenya has taken a significant step forward in crypto regulation with the passage of its Virtual Asset Service Providers (VASP) Bill. The bill, now awaiting President William Ruto’s signature, aims to attract foreign investment and bolster Kenya’s fintech ecosystem. 200,000 active crypto users demonstrate the country’s burgeoning market, presenting a fertile ground for growth. The VASP Bill offers structured oversight and youth inclusion initiatives as it seeks to regulate this expanding crypto landscape.