Audio By Vocalize President Williiam Ruto during lthe signing of seven parliamentary Bills that will accelerate the achievement of our Bottom-Up Economic Transformation Agenda.[PSCU] The enactment of Kenya’s Virtual Assets Service Providers (VASPs) Act marks a significant milestone in Kenya’s financial services regulatory framework. For the first time, virtual assets and VASPs have been defined in law and brought within a structured supervisory regime. In doing so, Kenya joins a growing number of jurisdictions seeking to harness digital innovation while safeguarding financial stability. The Act adopts a functional, twin-peak regulatory model, in which the Central Bank of Kenya (CBK) is…
Author: By Yvette Mbaja
Audio By Vocalize President Williiam Ruto during lthe signing of seven parliamentary Bills that will accelerate the achievement of our Bottom-Up Economic Transformation Agenda.[PSCU] The enactment of Kenya’s Virtual Assets Service Providers (VASPs) Act marks a significant milestone in Kenya’s financial services regulatory framework. For the first time, virtual assets and VASPs have been defined in law and brought within a structured supervisory regime. In doing so, Kenya joins a growing number of jurisdictions seeking to harness digital innovation while safeguarding financial stability. The Act adopts a functional, twin-peak regulatory model, in which the Central Bank of Kenya (CBK) is…