The Online Kenyan Logo

The Online Kenyan

C
Originally published by Capital News
📰 Read Full Article
top
October 12, 2025
3h ago

Kenya Edges to First Crypto Law as House Passes VASP Bill

Kenya Edges to First Crypto Law as House Passes VASP Bill

The Bill assigns licensing and supervisory duties to existing regulators led by the Central Bank of Kenya (CBK) and the Capital Markets Authority (CMA), aiming to protect consumers, curb abuse and provide legal certainty to crypto businesses. - Kenya breaking news | Kenya news to..

✨ Key Highlights

Kenya is poised to introduce its first comprehensive cryptocurrency law as the National Assembly passed the Virtual Asset Service Providers (VASP) Bill, 2025, sending it to President William Ruto for assent. This legislation aims to provide legal certainty, protect consumers, and curb illegal activities in the rapidly growing crypto sector.

  • The Bill assigns licensing and supervisory duties to existing regulators, primarily the Central Bank of Kenya (CBK) and the Capital Markets Authority (CMA).
  • The Finance Act 2025 replaced the 3% Digital Asset Tax with a 10% excise duty on fees charged by virtual-asset platforms.
  • The approved text retains a requirement for licensed virtual-asset providers to maintain a physical office in Kenya and appoint a board of at least three natural-person directors.

Continue Reading

Read the complete article from Capital News

📰 Read Full Article

Related News

Wanandoa Joseph Omido na mkewe Margaret walioaga kwenye ajali ya barabara wazikwa Bungoma
Video

Wanandoa Joseph Omido na mkewe Margaret walioaga kwenye ajali ya barabara wazikwa Bungoma

N
NTV Kenya (Youtube)
2d ago
Retail Bond System to Run on Dhow CDS, Not a New Platform
business3d ago

Retail Bond System to Run on Dhow CDS, Not a New Platform

The Central Bank of Kenya (CBK) has clarified that its planned retail bond system will integrate with the existing Dhow Central Depository System (CDS), allaying concerns about a separate platform disrupting the Kenya's KSh 2 trillion bond market.

T
The Kenyan Wall Street
📰 Read Full Story
Why wait for cheaper loans is taking long
3d ago

Why wait for cheaper loans is taking long

Only one of Kenya's 38 commercial banks has sought regulatory approval for a new, transparent loan pricing model, as revealed by CBK Governor Kamau Thugge on Wednesday. This slow adoption challenges a key reform by the banking regulator to make lending rates more responsive to monetary policy.

T
The Standard Business
📰 Read Full Story
Wait for cheaper loans drags on as banks shun CBK's pricing reform
3d ago

Wait for cheaper loans drags on as banks shun CBK's pricing reform

Only one of Kenya's 38 commercial banks has sought regulatory approval for a new, transparent loan pricing model, as revealed by CBK Governor Kamau Thugge. This slow adoption challenges a key reform by the Central Bank of Kenya (CBK) aimed at making lending rates more responsive to monetary policy.

T
The Standard Business
📰 Read Full Story
CBK slashes lending rate to 9.25%, eighth consecutive cut since 2024
Video

CBK slashes lending rate to 9.25%, eighth consecutive cut since 2024

C
Citizen TV (Youtube)
3d ago
CBK to discuss new funding program with IMF in Washington DC
business4d ago

CBK to discuss new funding program with IMF in Washington DC

The Central Bank of Kenya (CBK) will hold further discussions with the International Monetary Fund (IMF) in Washington DC next week regarding a new funding package. This follows a two-week visit by an IMF delegation to Nairobi.

C
Capital Business
📰 Read Full Story