Kenya tightens grip on crypto with Sh500m capital rule

Kenya plans to tighten the regulation of cryptocurrencies by requiring virtual asset service providers to meet high capital and licensing thresholds under the new VASP framework...

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Kenya is introducing stringent capital requirements for virtual asset service providers (VASPs) under new regulations aimed at enhancing oversight of the cryptocurrency sector.

VASPs seeking to operate in Kenya will be required to have up to Sh500 million in capital.
The regulations are being implemented by the Kenyan government through the proposed Virtual Asset Service Providers (VASP) Act, 2025.
This move signifies a significant tightening of the regulatory grip on cryptocurrency-related businesses within the country.

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