Kenya Parliament is About to Pass Crypto Law

Kenya Parliament is about to pass Crypto Law, and it is a big deal for the country and for Africa. After a lot of discussion and careful checking, Kenya Parliament finally passed the Virtual Asset Service Providers (VASP) Bill, 2025 during its last reading on Tuesday. Now, Kenya is one step away from making this law official — it just needs President William Ruto to sign it.

When the President signs the bill, Kenya will be one of the first African countries to have clear rules for digital money like cryptocurrencies. This law will make sure the Central Bank of Kenya (CBK) and the Capital Markets Authority (CMA) are in charge of watching over the crypto market. They will create important rules on how stablecoins work, how real things like property can be turned into digital tokens, how trading platforms must operate, and how to stop money laundering.

The news that the Kenya Parliament is about to pass Crypto Law is exciting for many people. This law will allow local and international crypto companies to get proper licenses to work legally in Kenya. It will give them a clear path to grow their businesses safely, while also protecting people who want to use cryptocurrencies.

Before Kenya Parliament to pass Crypto Law, there were months of debates and talks with the public. Lawmakers worked hard to add new parts about licensing and following rules so that companies don’t take advantage of consumers or break the law. Even though the final text is not yet public, the bill shows strong support for a safer and better crypto market.

People watching the crypto world say Kenya is now leading in Africa when it comes to setting rules for cryptocurrencies. Chebet Kipingor from Busha Kenya, a local crypto company, said the passing of this bill means Kenya is ready to grow its economy by balancing new technology with protecting its people. She said it shows Kenya believes in progress, not fear, when it comes to digital money.

Some experts warn that how well this law works will depend on the details. If the rules about money companies must keep or how they must follow laws are too hard, smaller companies might struggle. This could stop new ideas and innovation in the crypto space. So, Kenya will need to find a good balance.

This moment is also very important politically and for Kenya’s economy. Kenya wants to get off the Financial Action Task Force (FATF) greylist, which is a list of countries needing to improve money controls. The government also needs to meet financial targets, especially after ending a deal with the International Monetary Fund (IMF). Passing this crypto law helps Kenya show it is serious about managing money well.

Right now, Attorney General Dorcas Oduor is preparing the final version of the bill for the President to sign. Once that happens, Kenya is about to pass Crypto Law that will change how money is handled in the country forever. It will likely influence how other nations in Africa deal with cryptocurrencies too.

To sum up, the Kenya Parliament is about to pass Crypto Law that sets clear rules for cryptocurrencies and makes Kenya a leader in this field. Kenya is one step away from making history by protecting consumers, supporting business growth, and making the country’s money system stronger. Everyone is waiting for the President’s approval, which will open a new chapter for Kenya’s digital economy and its future in crypto.

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