Kenya’s New Crypto Law Sets the Stage for Everyday Blockchain Use, Industry Player Says
Blockchain technology could soon become part of Kenyans’ daily lives, Sam Kim, co-founder of crypto startup GoChapaa, predicts..
✨ Key Highlights
Kenya's new Virtual Assets Service Providers (VASP) Bill, which formally recognizes cryptocurrencies and digital assets, is poised to integrate blockchain technology into the daily financial lives of Kenyans, according to Sam Kim, co-founder of blockchain startup GoChapaa. This legislation extends Kenya's digital finance legacy from M-Pesa to a structured framework for virtual assets, marking a significant step for the country and the continent.
- The VASP Bill brings crypto exchanges and service providers under the supervision of the Central Bank of Kenya (CBK) and the Capital Markets Authority (CMA).
- Kim predicts Kenyans will soon engage with blockchain technology without realizing it, powering faster payments, safer transactions, and smarter investments.
- This regulatory clarity is expected to reduce market uncertainty, foster innovation, and attract global partnerships and investment into Nairobi's "Silicon Savannah."
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Court Rules on Auctioneer Board's Power; New Crypto Law Introduced; SHA CEO Grilled - October 2025
The High Court has ruled that the Auctioneers Licensing Board exceeded its authority by attempting to discipline a dozen banks and credit firms, including Co-operative Bank. Justice Benjamin Njoroge clarified that the Board's mandate is limited to licensed auctioneers. Meanwhile, Kenyan lawmakers are grilling Social Health Authority (SHA) CEO Dr. Mercy Mwangangi over alleged irregularities such as excessive legal fees and ballooning project costs. In legislation, Kenya's new Virtual Assets Service Providers (VASP) Bill, which formally recognizes cryptocurrencies and digital assets, has been introduced. According to Sam Kim, co-founder of GoChapaa, this law is poised to integrate blockchain technology into the daily financial lives of Kenyans, extending the country's digital finance legacy.
