Kenya Advances Crypto Regulation With VASP Framework

Kenya is moving closer to establishing a regulatory framework for its cryptocurrency sector. The nation has completed public consultations on draft rules designed to govern Virtual Asset Service Providers (VASPs). This significant step indicates a proactive approach by the Kenyan government to integrate and manage the burgeoning digital asset market, aiming to enhance investor protection and combat illicit activities. The finalization of these regulations is anticipated to bring greater clarity and stability to the country's crypto landscape.