KENYA: Parliament Passes Bill to Regulate Virtual Asset Service Providers

By Lapit Moses Punyuah, Nairobi, Kenya

The National Assembly has passed the Virtual Asset Service Providers Bill (National Assembly Bill No.15 of 2025), marking a major step toward regulating Kenya’s fast-growing digital finance space.

The new law establishes a legislative framework to oversee virtual asset service providers and curb risks associated with the misuse of virtual assets and related services.

Once enacted, the Bill will help ensure transparency, consumer protection, and accountability in the country’s cryptocurrency and digital asset markets.

Lawmakers said the measure is crucial in safeguarding users while fostering innovation within Kenya’s expanding financial technology ecosystem.