Kenya Parliament passes crypto asset law to boost investments

Is The New Kenya Crypto Law The Perfect Blueprint For Africa?

TL;DR,     As kenya crypto law nears enactment, Sub-Saharan crypto hit $205B (+52% YoY), underscoring urgency for licensing, taxation clarity, and consumer protection. The Kenya VASP bill mandates local registration for exchanges, wallets, and custodians, enforces AML/KYC, and introduces a 3–5% digital asset tax. Kenya is creating a balanced regulatory approach—less restrictive than South Africa’s institutional focus but more structured than Ni…

Kenya Parliament passes crypto asset law to boost investments

Kuria Kimani said that the legislative reform will attract increased investments into the East African country's fintech sector, including from crypto exchanges like Binance and Coinbase Amid Kenya's efforts to boost investments in the cryptocurrency sector by implementing clear-cut rules, the East African country's lawmakers have now passed a bill to regulate digital assets.