TL;DR, Under the Kenya VASP Act, Kenya replaced the 3% Digital Asset Tax with a 10% excise on exchange fees; regulators also confirm no VASP is licensed yet. CBK will oversee payment-focused VASPs; CMA handles securities-like tokens. Regulations are pending, so firms should prepare AML, governance, and disclosure programs now. Kenya is shifting…
TL;DR, As kenya crypto law nears enactment, Sub-Saharan crypto hit $205B (+52% YoY), underscoring urgency for licensing, taxation clarity, and consumer protection. The Kenya VASP bill mandates local registration for exchanges, wallets, and custodians, enforces AML/KYC, and introduces a 3–5% digital asset tax. Kenya is creating a balanced regulatory approach—less restrictive than South…
TL;DR,  Kenya’s VASP bill is now law—six‑month grace period for existing platforms, with penalties up to KES 10M ($77,400) or 10 years in prison. Twin‑pillar oversight by CBK and CMA; strict AML/CFT/CPF, cybersecurity controls, asset segregation, and seven‑year record‑keeping anchor day‑to‑day compliance. Licensing requires applications, fit‑and‑proper leaders, independent boards, annual renewals, audited financials,…
TL:DR, Â Kenya VASP Bill clears third reading; existing providers get six months to apply, with VASP fines up to $154,000 and individuals facing up to 10 years. The bill establishes a “twin-pillar” regulatory model, appointing the Central Bank of Kenya (CBK) and Capital Markets Authority (CMA) as joint regulators to oversee all crypto…
TL:DR, Pesalink processed over 8.2 million transactions but still struggles to deliver true payment interoperability across Kenya’s fragmented financial system. Kenya’s payment ecosystem is fragmented with banks, mobile money, and fintechs on separate rails, creating inefficiency and high costs for users and merchants. PesaLink’s future as a universal payment rail is uncertain, facing challenges from…
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