Kenya Enacts VASP Act for Crypto, Eases Tax Bottlenecks, and Secures $150m Green Lending Deal - December 2025

Kenya's new Virtual Assets Service Providers (VASP) Act, 2025, is boosting crypto interest, with the law aiming to regulate activities under the Capital Markets Authority (CMA) and the Central Bank of Kenya (CBK). In another regulatory move, the Kenya Revenue Authority (KRA) is enhancing collaboration with the private sector to streamline tax processes and create a predictable business environment. On the financing front, the African Development Bank Group (AfDB) has finalized a $150 million (Sh19.3 billion) financing agreement with KCB Bank Kenya. This package is designed to significantly boost KCB's green lending initiatives and reinforce its trade finance operations, addressing capital demands in climate-aligned sectors.

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Thursday 2:57 PMCapital Business

Kenya’s VASP Act Fuels Crypto Activity but Experts Caution on Volatility

Kenya's new Virtual Assets Service Providers (VASP) Act, 2025, is boosting crypto interest among retail investors, but experts are cautioning against market volatility and emotional trading as regulatory frameworks are still being established. The law aims to regulate crypto activities under the Capital Markets Authority (CMA) and the Central Bank of Kenya (CBK).