Kenya’s evolving crypto framework signals commitment to global standards
In March 2026, the National Treasury published a draft implementing regulations for public consultation, filling in the operational detail that the Act had left to secondary legislation. Kenya is aiming to secure removal from the FATF grey list by May 2026. Kenya breaking news | ..
✨ Key Highlights
Kenya is implementing a new framework for virtual asset service providers (VASPs), marking a significant shift towards global standards and aiming for removal from the Financial Action Task Force (FATF) grey list.
- Over 6.1 million Kenyans held digital assets by 2024, with stablecoin transactions totaling $3.3 billion in the year to June 2024.
- The Virtual Asset Service Providers Act, signed into law by President William Ruto, establishes dual oversight by the Central Bank of Kenya (CBK) and the Capital Markets Authority (CMA).
- The new regulations introduce licensing, anti-money laundering (AML) obligations, and stringent capital requirements, with potential fines up to KSh 20 million for non-compliance.
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Kenya’s Evolving Crypto Framework Signals Commitment to Global Standards - May 2026
Kenya is implementing a new framework for virtual asset service providers (VASPs), marking a significant shift towards global standards and aiming for removal from the Financial Action Task Force (FATF) grey list. Spearhead Africa Asset Management has separately launched Kenya's first infrastructure fund on the Nairobi Securities Exchange, enhancing investment opportunities in the nation's capital markets. Former Industrialisation Cabinet Secretary Adan Mohamed has been appointed the new Commissioner General of the Kenya Revenue Authority.
