Kenya’s newly enacted Virtual Asset Service Providers (VASP) Act, 2025, which imposes tighter checks on digital financial transactions, could help the country exit the global financial crimes watchdog’s grey list, experts say.
Analysts at law firm Bowmans say the new rules mark a major shift by drawing cryptocurrency businesses into the formal financial system, aligning the country with global anti-money laundering standards set by the Financial Action Task Force (FATF).
