Kenya’s Parliament has approved the landmark Virtual Asset Service Providers Bill, paving the way for the nation’s first crypto law.
Kenya is on the brink of enacting its first cryptocurrency law after Parliament passed the Virtual Asset Service Providers (VASP) Bill, 2025, during its third reading. The legislation now awaits President William Ruto’s assent to become law—positioning Kenya among the first African nations with a comprehensive digital asset framework.
The bill designates the Central Bank of Kenya (CBK) and the Capital Markets Authority (CMA) as joint regulators of virtual assets, with the Treasury Cabinet Secretary empowered to issue rules on stablecoins, tokenization, trading platforms, and anti-money laundering standards.
Once enacted, the law will establish clear licensing, capital, and consumer protection requirements for both local and foreign crypto startups such as Luno, Busha, and Binance.
Analysts say the framework could help Kenya exit the FATF greylist and strengthen investor confidence, marking a major milestone for Africa’s evolving digital finance landscape.
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