While Kenya has made significant strides in formalizing its cryptocurrency sector with a standalone law, industry players warn that policy uncertainty, particularly around taxation, licensing, and oversight, threatens to undermine hard-won gains in adoption and innovation.

• Kenya is the first African country to enact a standalone law to govern virtual assets.
• Chief Operating Officer Wale Osideinde of Bitnob highlighted Kenya's leadership in digital finance conversations.
• Kenyans are estimated to transact roughly $500 million (about Sh6 billion) monthly in stablecoins, according to CEO and Co-Founder Edward Ndichu of WapiPay.
• Chairman Tony Olendo of the Virtual Assets Chamber of Commerce emphasized that taxation is a core issue, warning against imposing heavy levies too early.
• The article notes that Nigeria has also shifted towards formalizing crypto activity after initial crackdowns.