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Originally published by Capital Businessbusiness
June 11, 2025
3mo ago
Binance, VAC back Kenya’s Crypto Regulation, urge tax reform
NAIROBI, Kenya, June 11 – Binance and the Virtual Assets Chamber (VAC) have welcomed Kenya’s progress on digital asset regulation, urging tax policies Kenya breaking news | Kenya news today |..
✨ Key Highlights
Binance and the Virtual Assets Chamber (VAC) have endorsed progress in Kenya’s digital asset regulation while advocating for tax reforms to stimulate innovation during a press briefing in Nairobi.
- June 11 marks the day the organizations applauded the Virtual Asset Service Provider (VASP) Bill.
- Larry Cooke, Head of Legal for Africa at Binance, and Allan Kakai, Director of VAC, are pivotal figures in this announcement.
- They emphasized that balanced tax policies are essential for positioning Kenya as Africa’s crypto hub and noted, “Kenya can lead the continent with smart, enabling policies.”
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