Kenyaopens crypto regulation consultation until April 10
Kenya's National Treasury launched public consultation on draft Virtual Asset Service Providers Regulations until April 10, 2026, with nationwide forums starting March 30. The rules operationalize the VASP Act signed into law in October 2025, requiring industry input on licensing, supervision, and penalties before full implementation. Cabinet Secretary John Mbadi published the notice on MyGov, inviting stakeholders to shape Kenya's landmark crypto regulatory framework. The process follows years of regulatory development, including a 2023 pivot from a controversial 3% crypto tax to a 10% excise duty on provider fees. With six million Kenyans using crypto and $19 billion in inflows (2024-2025), the framework balances compliance with innovation as operators form lobby groups like VAAK to engage regulators.