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Why cryptocurrencies are getting attention in Kenya
The government, through the National Treasury and Economic Planning ministry has drafted the Virtual Assets Service Providers (VASP) Bill of 2025 and invited comments from the public on the Bill.
The Treasury has proposed regulations, which if passed, will legalise the use and trade of cryptocurrencies in Kenya.
Although digital assets aren’t new, and many jurisdictions globally have chosen to regulate rather than ban them outright, Kenyan authorities have largely steered clear of them. Here is why the government is now interested in regulating the sector.
