The Virtual Assets Chamber of Commerce in Nairobi, Kenya has launched two new bodies, the Standards Council and the Virtual Assets Institute, to formalize and develop Africa's digital assets sector.

• The initiative aims to bridge a significant skills gap and regulatory clarity issues hindering investment in the continent's growing crypto space.
• Key organizations involved include the Virtual Assets Chamber of Commerce, acting as the main driver of this initiative.
• This move coincides with global financial players like BlackRock expanding into digital assets, indicating rising investor demand for regulated exposure.