Crypto firms to have local office, CEOs in new rules

Worldcoin trader displays a placard advertising his business outside KICC Nairobi on August 1, 2023, as hundreds of Kenyans showed up to register.

Photo credit: File | Nation Media Group

Crypto companies operating in Kenya will have to set up offices in the country and appoint locals to lead their subsidiaries if the new rules proposed by the National Treasury get lawmakers’ nod.

The draft Virtual Asset Service Providers Bill, 2025 published by the National Treasury stipulates the conditions before the firms can secure a licence from the regulators.

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