🇰🇪💡 Kenya is stepping into crypto regulation!

The government has released a draft 📜 National Policy on Virtual Assets & Virtual Asset Service Providers (VASPs) to create a fair, competitive, and stable crypto market. The policy tackles key issues like 💰 money laundering, 🛡 consumer protection, and 🔒 terrorism financing.

🗣 Treasury Cabinet Secretary John Mbadi confirmed Kenya’s commitment to building a strong legal framework for virtual assets, marking a shift from the Central Bank's past cautious stance.

📅 The draft is open for public feedback until Jan. 24. If approved, 🇰🇪 Kenya could join 🇿🇦 South Africa and 🇳🇬 Nigeria in leading crypto regulation in Africa.

🌍 Kenya ranks 🥇 21st globally in crypto adoption (Chainalysis 2024), with stablecoins 🌐 making up a significant share due to regional currency devaluation.

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