Kenya Virtual Assets Service Providers Bill 2025
The Virtual Assets Service Providers Bill 2025 in Kenya aims to regulate the operations of virtual asset service providers (VASPs) by requiring them to obtain licenses and adhere to anti-money laundering (AML) and counter-terrorism financing (CFT) standards. The bill places VASPs under the oversight of the Central Bank of Kenya (CBK) and the Capital Markets Authority (CMA), depending on their activities[1][2][3]. Key provisions include: - Licensing Requirements: VASPs must secure licenses and maintain physical offices in Kenya[2][3]. - Regulatory Oversight: CBK will oversee wallet providers and stablecoin issuers, while CMA will handle exchanges and tokenization platforms[3][6]. - Compliance Measures: Providers must implement robust cybersecurity and data protection systems[5][8]. - Penalties: Non-compliance can result in significant fines and imprisonment[1][8]. Sources [1] Treasury seeks identity of crypto owners in new bill - Business Daily https://www.businessdailyafrica.com/bd/economy/treasury-seeks-identity-of-cr... [2] Bill to regulate VASPs lands before Kenyan lawmakers - Mariblock https://www.mariblock.com/bill-to-regulate-vasps-lands-before-kenyan-lawmake... [3] Kenya Proposes First Crypto Bill To Regulate Stablecoins - CIO Africa https://cioafrica.co/kenya-proposes-first-crypto-bill-to-regulate-stablecoin... [4] [PDF] The Virtual Asset Service Providers Bill, 2025 - The National Treasury https://www.treasury.go.ke/wp-content/uploads/2025/01/VIRTUAL-ASSET-SERVICE-... [5] Kenya moves to regulate digital assets with new crypto bill https://techpoint.africa/news/kenya-to-regulate-digital-assets/ [6] Kenya seeks to regulate crypto with new Virtual Assets Bill https://itweb.africa/content/KPNG8v8NPgDM4mwD [7] Virtual Assets Service Providers Bill - CMS law https://cms.law/en/ken/news-information/draft-national-policy-on-virtual-ass... [8] The Virtual Asset Service Providers Bill, 2025 - CM Advocates LLP https://cmadvocates.com/en/blog/the-virtual-asset-service-providers-bill-202... [9] [PDF] The Virtual Asset Service Providers Bill, 2025 - Parliament of Kenya http://www.parliament.go.ke/sites/default/files/2025-04/THE%20VIRTUAL%20ASSE... [10] [PDF] Draft-Public-Notice-VIRTUAL-ASSETS-AND ... - The National Treasury https://www.treasury.go.ke/wp-content/uploads/2025/01/Draft-Public-Notice-VI... [11] [PDF] blockchain association of kenya - BitcoinKE https://bitcoinke.io/wp-content/uploads/2024/05/VASP-Draft-Bill-Stamped-by-C... [12] [PDF] Draft National Policy on Virtual Assets and Virtual Asset Service ... https://www.treasury.go.ke/wp-content/uploads/2025/01/DRAFT-NATIONAL-POLICY-... [13] THE VIRTUAL ASSETS SERVICE PROVIDERS BILL 2024 https://www.oraro.co.ke/review-of-the-virtual-assets-service-providers-bill-... [14] Draft National Policy on Virtual Assets and Virtual Asset Service ... https://www.dentonshhm.com/en/insights/alerts/2025/april/11/draft-national-p... [15] Government of Kenya takes steps to regulate Virtual Asset Activities https://www.spencer-west.com/news/government-of-kenya-takes-steps-to-regulat... [16] Protecting Kenyans from crypto scams: How the VASP Bill, 2025 ... https://www.cliffedekkerhofmeyr.com/news/publications/2025/Practice/Banking-... [17] Kenya - Bowmans https://bowmanslaw.com/insights/kenya-the-virtual-assets-service-providers-b... [18] How to Get a Virtual Asset Service Provider (VASP) License in Kenya https://masibolaw.co.ke/2025/04/22/how-to-get-a-virtual-asset-service-provid... [19] Treasury holds public participation on Virtual Assets Service ... https://www.kenyanews.go.ke/treasury-holds-public-participation-on-virtual-a... Best Regards ______________________ Mwendwa Kivuva https://www.linkedin.com/in/mwendwa-kivuva
Kivuva Do you have the link to the bill? Please share. Thanks. On Wed, Apr 23, 2025 at 1:58 PM Mwendwa Kivuva via KICTANet < [email protected]> wrote:
The Virtual Assets Service Providers Bill 2025 in Kenya aims to regulate the operations of virtual asset service providers (VASPs) by requiring them to obtain licenses and adhere to anti-money laundering (AML) and counter-terrorism financing (CFT) standards. The bill places VASPs under the oversight of the Central Bank of Kenya (CBK) and the Capital Markets Authority (CMA), depending on their activities[1][2][3]. Key provisions include:
- Licensing Requirements: VASPs must secure licenses and maintain physical offices in Kenya[2][3]. - Regulatory Oversight: CBK will oversee wallet providers and stablecoin issuers, while CMA will handle exchanges and tokenization platforms[3][6]. - Compliance Measures: Providers must implement robust cybersecurity and data protection systems[5][8]. - Penalties: Non-compliance can result in significant fines and imprisonment[1][8].
Sources [1] Treasury seeks identity of crypto owners in new bill - Business Daily https://www.businessdailyafrica.com/bd/economy/treasury-seeks-identity-of-cr... [2] Bill to regulate VASPs lands before Kenyan lawmakers - Mariblock https://www.mariblock.com/bill-to-regulate-vasps-lands-before-kenyan-lawmake... [3] Kenya Proposes First Crypto Bill To Regulate Stablecoins - CIO Africa https://cioafrica.co/kenya-proposes-first-crypto-bill-to-regulate-stablecoin... [4] [PDF] The Virtual Asset Service Providers Bill, 2025 - The National Treasury https://www.treasury.go.ke/wp-content/uploads/2025/01/VIRTUAL-ASSET-SERVICE-... [5] Kenya moves to regulate digital assets with new crypto bill https://techpoint.africa/news/kenya-to-regulate-digital-assets/ [6] Kenya seeks to regulate crypto with new Virtual Assets Bill https://itweb.africa/content/KPNG8v8NPgDM4mwD [7] Virtual Assets Service Providers Bill - CMS law https://cms.law/en/ken/news-information/draft-national-policy-on-virtual-ass... [8] The Virtual Asset Service Providers Bill, 2025 - CM Advocates LLP https://cmadvocates.com/en/blog/the-virtual-asset-service-providers-bill-202... [9] [PDF] The Virtual Asset Service Providers Bill, 2025 - Parliament of Kenya http://www.parliament.go.ke/sites/default/files/2025-04/THE%20VIRTUAL%20ASSE... [10] [PDF] Draft-Public-Notice-VIRTUAL-ASSETS-AND ... - The National Treasury https://www.treasury.go.ke/wp-content/uploads/2025/01/Draft-Public-Notice-VI... [11] [PDF] blockchain association of kenya - BitcoinKE https://bitcoinke.io/wp-content/uploads/2024/05/VASP-Draft-Bill-Stamped-by-C... [12] [PDF] Draft National Policy on Virtual Assets and Virtual Asset Service ... https://www.treasury.go.ke/wp-content/uploads/2025/01/DRAFT-NATIONAL-POLICY-... [13] THE VIRTUAL ASSETS SERVICE PROVIDERS BILL 2024 https://www.oraro.co.ke/review-of-the-virtual-assets-service-providers-bill-... [14] Draft National Policy on Virtual Assets and Virtual Asset Service ... https://www.dentonshhm.com/en/insights/alerts/2025/april/11/draft-national-p... [15] Government of Kenya takes steps to regulate Virtual Asset Activities https://www.spencer-west.com/news/government-of-kenya-takes-steps-to-regulat... [16] Protecting Kenyans from crypto scams: How the VASP Bill, 2025 ... https://www.cliffedekkerhofmeyr.com/news/publications/2025/Practice/Banking-... [17] Kenya - Bowmans https://bowmanslaw.com/insights/kenya-the-virtual-assets-service-providers-b... [18] How to Get a Virtual Asset Service Provider (VASP) License in Kenya https://masibolaw.co.ke/2025/04/22/how-to-get-a-virtual-asset-service-provid... [19] Treasury holds public participation on Virtual Assets Service ... https://www.kenyanews.go.ke/treasury-holds-public-participation-on-virtual-a...
Best Regards ______________________ Mwendwa Kivuva https://www.linkedin.com/in/mwendwa-kivuva _______________________________________________ KICTANet mailing list -- [email protected] To unsubscribe send an email to [email protected] Unsubscribe or change your options at: https://mm3-lists.kictanet.or.ke/mm/lists/kictanet.lists.kictanet.or.ke/ Aerchived at:
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-- Kind regards, Dr. Grace Githaiga*,* CEO@*KICTANet* <https://www.kictanet.or.ke/> @ggithaiga <http://twitter.com/ggithaiga> | LinkedIn <https://www.linkedin.com/in/gracegithaiga/> ___________________________ KICTANet.or.ke <https://kictanet.or.ke/> | Twitter <https://twitter.com/kictanet> | LinkedIn <https://www.linkedin.com/company/kictanet/> | Facebook <https://www.facebook.com/KICTANet/> | Instagram <https://www.instagram.com/kictanet/> | Youtube <https://www.youtube.com/channel/UCbcLVjnPtTGBEeYLGUb2Yow/videos> | TikTok <https://www.tiktok.com/@kictanet> KICTANet: *Transformed communities through the power of ICTs*
GG Attached. *Ali Hussein* Fintech | Digital Transformation Tel: +254 713 601113 Twitter: @AliHKassim LinkedIn: Ali's Profile <http://ke.linkedin.com/in/alihkassim> <http://ke.linkedin.com/in/alihkassim> Any information of a personal nature expressed in this email are purely mine and do not necessarily reflect the official positions of the organizations that I work with. On Wed, Apr 23, 2025 at 2:33 PM Grace Githaiga via KICTANet < [email protected]> wrote:
Kivuva Do you have the link to the bill? Please share. Thanks.
On Wed, Apr 23, 2025 at 1:58 PM Mwendwa Kivuva via KICTANet < [email protected]> wrote:
The Virtual Assets Service Providers Bill 2025 in Kenya aims to regulate the operations of virtual asset service providers (VASPs) by requiring them to obtain licenses and adhere to anti-money laundering (AML) and counter-terrorism financing (CFT) standards. The bill places VASPs under the oversight of the Central Bank of Kenya (CBK) and the Capital Markets Authority (CMA), depending on their activities[1][2][3]. Key provisions include:
- Licensing Requirements: VASPs must secure licenses and maintain physical offices in Kenya[2][3]. - Regulatory Oversight: CBK will oversee wallet providers and stablecoin issuers, while CMA will handle exchanges and tokenization platforms[3][6]. - Compliance Measures: Providers must implement robust cybersecurity and data protection systems[5][8]. - Penalties: Non-compliance can result in significant fines and imprisonment[1][8].
Sources [1] Treasury seeks identity of crypto owners in new bill - Business Daily https://www.businessdailyafrica.com/bd/economy/treasury-seeks-identity-of-cr... [2] Bill to regulate VASPs lands before Kenyan lawmakers - Mariblock https://www.mariblock.com/bill-to-regulate-vasps-lands-before-kenyan-lawmake... [3] Kenya Proposes First Crypto Bill To Regulate Stablecoins - CIO Africa https://cioafrica.co/kenya-proposes-first-crypto-bill-to-regulate-stablecoin... [4] [PDF] The Virtual Asset Service Providers Bill, 2025 - The National Treasury https://www.treasury.go.ke/wp-content/uploads/2025/01/VIRTUAL-ASSET-SERVICE-... [5] Kenya moves to regulate digital assets with new crypto bill https://techpoint.africa/news/kenya-to-regulate-digital-assets/ [6] Kenya seeks to regulate crypto with new Virtual Assets Bill https://itweb.africa/content/KPNG8v8NPgDM4mwD [7] Virtual Assets Service Providers Bill - CMS law https://cms.law/en/ken/news-information/draft-national-policy-on-virtual-ass... [8] The Virtual Asset Service Providers Bill, 2025 - CM Advocates LLP https://cmadvocates.com/en/blog/the-virtual-asset-service-providers-bill-202... [9] [PDF] The Virtual Asset Service Providers Bill, 2025 - Parliament of Kenya http://www.parliament.go.ke/sites/default/files/2025-04/THE%20VIRTUAL%20ASSE... [10] [PDF] Draft-Public-Notice-VIRTUAL-ASSETS-AND ... - The National Treasury https://www.treasury.go.ke/wp-content/uploads/2025/01/Draft-Public-Notice-VI... [11] [PDF] blockchain association of kenya - BitcoinKE https://bitcoinke.io/wp-content/uploads/2024/05/VASP-Draft-Bill-Stamped-by-C... [12] [PDF] Draft National Policy on Virtual Assets and Virtual Asset Service ... https://www.treasury.go.ke/wp-content/uploads/2025/01/DRAFT-NATIONAL-POLICY-... [13] THE VIRTUAL ASSETS SERVICE PROVIDERS BILL 2024 https://www.oraro.co.ke/review-of-the-virtual-assets-service-providers-bill-... [14] Draft National Policy on Virtual Assets and Virtual Asset Service ... https://www.dentonshhm.com/en/insights/alerts/2025/april/11/draft-national-p... [15] Government of Kenya takes steps to regulate Virtual Asset Activities https://www.spencer-west.com/news/government-of-kenya-takes-steps-to-regulat... [16] Protecting Kenyans from crypto scams: How the VASP Bill, 2025 ... https://www.cliffedekkerhofmeyr.com/news/publications/2025/Practice/Banking-... [17] Kenya - Bowmans https://bowmanslaw.com/insights/kenya-the-virtual-assets-service-providers-b... [18] How to Get a Virtual Asset Service Provider (VASP) License in Kenya https://masibolaw.co.ke/2025/04/22/how-to-get-a-virtual-asset-service-provid... [19] Treasury holds public participation on Virtual Assets Service ... https://www.kenyanews.go.ke/treasury-holds-public-participation-on-virtual-a...
Best Regards ______________________ Mwendwa Kivuva https://www.linkedin.com/in/mwendwa-kivuva _______________________________________________ KICTANet mailing list -- [email protected] To unsubscribe send an email to [email protected] Unsubscribe or change your options at: https://mm3-lists.kictanet.or.ke/mm/lists/kictanet.lists.kictanet.or.ke/ Aerchived at:
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KICTANet is a multi-stakeholder Think Tank for people and institutions interested and involved in ICT policy and regulation. KICTANet is a catalyst for reform in the Information and Communication Technology sector. Its work is guided by four pillars of Policy Advocacy, Capacity Building, Research, and Stakeholder Engagement.
KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.
PRIVACY POLICY: See https://mm3-lists.kictanet.or.ke/mm/lists/kictanet.lists.kictanet.or.ke/
KICTANet - The Power of Communities, is Kenya's premier ICT policy engagement platform.
-- Kind regards,
Dr. Grace Githaiga*,* CEO@*KICTANet* <https://www.kictanet.or.ke/> @ggithaiga <http://twitter.com/ggithaiga> | LinkedIn <https://www.linkedin.com/in/gracegithaiga/> ___________________________
KICTANet.or.ke <https://kictanet.or.ke/> | Twitter <https://twitter.com/kictanet> | LinkedIn <https://www.linkedin.com/company/kictanet/> | Facebook <https://www.facebook.com/KICTANet/> | Instagram <https://www.instagram.com/kictanet/> | Youtube <https://www.youtube.com/channel/UCbcLVjnPtTGBEeYLGUb2Yow/videos> | TikTok <https://www.tiktok.com/@kictanet> KICTANet: *Transformed communities through the power of ICTs*
_______________________________________________ KICTANet mailing list -- [email protected] To unsubscribe send an email to [email protected] Unsubscribe or change your options at: https://mm3-lists.kictanet.or.ke/mm/lists/kictanet.lists.kictanet.or.ke/ Aerchived at:
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KICTANet is a multi-stakeholder Think Tank for people and institutions interested and involved in ICT policy and regulation. KICTANet is a catalyst for reform in the Information and Communication Technology sector. Its work is guided by four pillars of Policy Advocacy, Capacity Building, Research, and Stakeholder Engagement.
KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.
PRIVACY POLICY: See https://mm3-lists.kictanet.or.ke/mm/lists/kictanet.lists.kictanet.or.ke/
KICTANet - The Power of Communities, is Kenya's premier ICT policy engagement platform.
participants (3)
-
Ali Hussein -
Grace Githaiga -
Mwendwa Kivuva