Building a fair crypto future for Kenya – Why the VASP Bill matters
By Larry Cooke NAIROBI, Kenya, Aug 21 - Kenya has long stood at the forefront of financial innovation in Africa. From the pioneering days of M-Pesa to the Kenya breaking news | Kenya news today |..
✨ Key Highlights
Kenya is poised to strengthen its position as a leader in digital finance with the introduction of the Virtual Asset Service Providers (VASP) Bill, 2025. This legislation aims to create a clear regulatory framework for the country's vibrant cryptocurrency ecosystem, building trust and protecting consumers while fostering innovation.
- The VASP Bill, 2025 seeks to establish trust and transparency in Kenya's rapidly growing crypto sector, which hosts one of Africa's most active user bases.
- As the Head of Legal Counsel for Binance Africa, Larry Cooke emphasizes that thoughtful regulation can unlock opportunity and protect consumers.
- Binance has significantly invested in Kenya through educating
thousands of young people on blockchain and financial literacy, and by partnering with local businesses to expand access to digital payments.
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Kenya Introduces VASP Bill for Crypto and Embraces Fintech for Insurance Amid Technological Disruptions - August 2025
Kenya is set to strengthen its position in digital finance with the introduction of the Virtual Asset Service Providers (VASP) Bill, 2025. This legislation is designed to create a clear regulatory framework for the country's cryptocurrency ecosystem, aiming to build trust and protect consumers. In parallel, Kenya's insurance market is shifting due to new fintech-powered initiatives making affordable coverage available to historically excluded groups like smallholder farmers and gig economy workers. This move seeks to embed insurance into everyday transactions to address the nation's low insurance penetration. These technological disruptions are reshaping corporate agendas, requiring boards in Kenya to shift from traditional governance to strategic foresight. Boards must now navigate a Volatile, Uncertain, Complex, and Ambiguous (VUCA) world shaped by economic turbulence and rapid technological change.
