Kenya's Capital Markets Authority (CMA) is advancing new regulations for the burgeoning cryptocurrency and digital assets sector to enhance oversight and investor protection.

• All virtual asset service providers will be required to register locally or establish representative offices to obtain licenses.
• The CMA aims to balance market innovation with stability and consumer protection, with Deputy Director for Market Development Justus Agoti emphasizing the need for safeguards.
• Concerns have been raised by industry players regarding licensing costs and compliance, though the CMA remains open to consultations.