Kenya seeks public comment on draft regulations governing cryptocurrency licenses.

Kenya's Ministry of Finance has released the "Virtual Asset Service Providers Regulation (Draft) 2026," soliciting public comments until April 10th on the regulatory framework and entry requirements for crypto and digital asset businesses. National hearings have been held since March 30th. This regulation is based on the previously enacted "Virtual Asset Service Providers Act," with the Central Bank of Kenya (CBK) responsible for regulating stablecoins and payment-related institutions, and the Capital Markets Authority (CMA) responsible for exchanges, brokers, and tokenization platforms. Previously, Kenya had changed its 3% digital asset tax on crypto transactions to a 10% consumption tax on service fees. On-chain data indicates that between July 2024 and June 2025, Kenya saw approximately $19 billion in crypto inflows, with over 6 million users.