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.