Kenya Seeks Public Input on Virtual Asset Service Provider Regulations

Kenya's National Treasury has released the draft Virtual Asset Service Provider Regulations 2026, inviting public feedback on the framework for crypto and digital asset business access and regulation until April 10. According to PANews, nationwide hearings will commence on March 30. The regulations are based on the previously enacted Virtual Asset Service Provider Act, with the Central Bank of Kenya overseeing stablecoins and payment-related institutions, while the Capital Markets Authority will regulate exchanges, brokers, and tokenization platforms. Previously, Kenya adjusted its digital asset tax on crypto transactions from 3% to a 10% consumption tax on service fees. On-chain data institutions report that between July 2024 and June 2025, Kenya's crypto inflow is expected to reach approximately $19 billion, with over 6 million users.