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Originally published by Tech Arena
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tech
June 19, 2025
5mo ago

Kenya’s VASP Bill Hailed as Most Progressive in Africa in New Yellow Card Report

Kenya’s VASP Bill Hailed as Most Progressive in Africa in New Yellow Card Report

Yellow Card has launched a comprehensive report that looks at the state of digital asset regulation in Africa...

✨ Key Highlights

The Yellow Card report highlights Kenya’s Virtual Asset Service Provider (VASP) Bill as the most progressive digital asset legislation in Africa.

  • 54 million digital asset users exist across Africa, with Nigeria leading in stablecoin adoption.
  • Edline Murungi praised Kenya’s dual-regulator model, which distinguishes stablecoins from speculative assets.
  • The VASP Bill includes fit-and-proper tests, capital requirements, and consumer protections aimed at promoting a secure digital asset environment.

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Part of the Day's Coverage

Legislative and Economic Developments in Kenya

Kenya's VASP Bill recognized as progressive; women entrepreneurs face funding challenges; vehicle financing deal launched.

Kenya’s Women Entrepreneurs Chart Bold Growth Agenda Despite 7% Funding Access
Kenya’s Women Entrepreneurs Chart Bold Growth Agenda Despite 7% Funding Access

Techish Kenya

CFAO Mobility Kenya and Almasi Financial Services Launch Sharia-Compliant Vehicle Financing Deal
CFAO Mobility Kenya and Almasi Financial Services Launch Sharia-Compliant Vehicle Financing Deal

Techish Kenya

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