PANews reported on March 18th that, according to TechCabal, the Kenyan Ministry of Finance released the "Virtual Asset Service Providers Regulation (Draft) 2026PANews reported on March 18th that, according to TechCabal, the Kenyan Ministry of Finance released the "Virtual Asset Service Providers Regulation (Draft) 2026
Kenya seeks public comment on draft regulations governing cryptocurrency licenses.
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PANews reported on March 18th that, according to TechCabal, the Kenyan Ministry of Finance released the "Virtual Asset Service Providers Regulation (Draft) 2026," soliciting public comments on the access and regulatory framework for crypto and digital asset businesses until April 10th, with national hearings scheduled to begin on March 30th. This regulation is based on the previously enacted "Virtual Asset Service Providers Act," with the Central Bank of Kenya (CBK) responsible for regulating stablecoins and payment-related institutions, and the Capital Markets Authority (CMA) responsible for exchanges, brokers, and tokenization platforms. Previously, Kenya had changed its 3% digital asset tax on crypto transactions to a 10% consumption tax on service fees. On-chain data indicates that between July 2024 and June 2025, Kenya saw approximately $19 billion in crypto inflows, with over 6 million users.
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