Regulation
Kenya’s crypto industry reacts as VASP Act becomes law
Stakeholders are saying the Act is a step in the right direction, as it provides legal backing to an ecosystem long in the shadows.
Oct 29, 2025
Kenya's multi-year journey from crypto taxation proposals to comprehensive regulation — through the Blockchain Association of Kenya's court challenge, FATF grey listing, industry lobbying against the digital asset tax and the VASP Act's passage and presidential signing.
Kenya's multi-year journey from crypto taxation proposals to comprehensive regulation — through the Blockchain Association of Kenya's court challenge, FATF grey listing, industry lobbying against the digital asset tax and the VASP Act's passage and presidential signing.
Stakeholders are saying the Act is a step in the right direction, as it provides legal backing to an ecosystem long in the shadows.
The bill has scrapped the creation of a new agency, VARA, and has instead placed VASPs under the CMA and CBK’s regulatory oversight.