Kenya Passes Bill to Regulate Crypto as Regional Momentum Grows

Kenya is one step closer to regulating crypto in the country as parliament enacted the Virtual Asset Services Providers Bill.

🔗 Read Full Article

💡 DMK Insight

Kenya's move to regulate crypto through the Virtual Asset Services Providers Bill signals a shift towards a more structured financial landscape in the region. This highlights the growing recognition of digital assets as legitimate components of the economy, which could attract both local and foreign investment. Investors may note that clear regulations often lead to increased market stability, potentially fostering innovation while mitigating risks associated with unregulated environments.