Express
Kenya Passes Virtual Assets Bill, Plans to Establish African Crypto Investment Hub
Summary: According to Reuters, the Kenyan parliament has passed the Virtual Asset Service Providers Bill, aimed at providing a regulatory framework for the digital asset industry, attracting investments, and standardizing trading activities. The bill authorizes the central bank to license stablecoins and other virtual assets, while the capital markets regulator will be responsible for issuing licenses ...
According to Reuters, the Kenyan parliament has passed the Virtual Asset Service Providers Bill, aimed at providing a regulatory framework for the digital asset industry, attracting investments, and standardizing trading activities. The bill authorizes the central bank to license stablecoins and other virtual assets, while the capital markets regulator will be responsible for issuing licenses to crypto exchanges and platforms. The government hopes to attract international platforms such as Binance and Coinbase to invest and establish Kenya as the gateway to crypto finance in Africa.
Tags:
Link: Kenya Passes Virtual Assets Bill, Plans to Establish African Crypto Investment Hub [Copy]
