Kenya, Ghana adopt crypto oversight laws to curb fraud
 NAIROBI, Kenya, Nov - Kenya and Ghana have introduced new regulatory frameworks for cryptocurrency service providers as African governments move to Kenya breaking news | Kenya news today |..
✨ Key Highlights
Kenya and Ghana have introduced new regulatory frameworks for virtual asset service providers (VASP) to combat fraud and illicit financial flows in their rapidly expanding digital asset markets. These measures aim to improve transaction traceability and close gaps exploited by cybercriminals, reflecting a broader governmental effort across Africa to tighten oversight.
- Africa recorded USD 205 billion in on-chain crypto transactions between July 2024 and June 2025, making it the third-fastest-growing market globally.
- The new VASP laws require crypto platforms to meet stricter compliance, reporting, and cybersecurity standards, including user verification, reporting suspicious transactions, and operational licensing.
- Africa is estimated to lose USD 88.6 billion annually through illicit financial flows, with crypto-linked schemes accounting for an increasing share.
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Kenyan Authorities Announce Crypto Regulations, Supreme Court Ruling on Loans, and Measures Against Cartels - November 2025
Kenyan authorities have taken several actions related to economic regulation. Kenya and Ghana introduced new regulatory frameworks for virtual asset service providers (VASP) to combat fraud and improve transaction traceability. In a landmark judgment, the Supreme Court of Kenya has ruled that banks are not required to register new securities for additional credit, a decision which overturns a 2022 Court of Appeal ruling. The ruling is expected to reduce compliance costs for lenders. Additionally, the Director-General at the Competition Authority of Kenya (CAK), David Kemei, described cartels as an "invisible tax" on consumers. In response, the CAK is intensifying its efforts to combat cartel behavior across various sectors.
