Kenya Virtual Assets Service Providers Bill 2025

On Wed, Apr 23, 2025 at 1:58 PM Mwendwa Kivuva via KICTANet <
[email protected]> wrote:

> The Virtual Assets Service Providers Bill 2025 in Kenya aims to regulate
> the operations of virtual asset service providers (VASPs) by requiring them
> to obtain licenses and adhere to anti-money laundering (AML) and
> counter-terrorism financing (CFT) standards. The bill places VASPs under
> the oversight of the Central Bank of Kenya (CBK) and the Capital Markets
> Authority (CMA), depending on their activities[1][2][3]. Key provisions
> include:
>
> – Licensing Requirements: VASPs must secure licenses and maintain physical
> offices in Kenya[2][3].
> – Regulatory Oversight: CBK will oversee wallet providers and stablecoin
> issuers, while CMA will handle exchanges and tokenization platforms[3][6].
> – Compliance Measures: Providers must implement robust cybersecurity and
> data protection systems[5][8].
> – Penalties: Non-compliance can result in significant fines and
> imprisonment[1][8].
>
> Sources
> [1] Treasury seeks identity of crypto owners in new bill – Business Daily
> www.businessdailyafrica.com/bd/economy/treasury-seeks-identity-of-crypto-owners-in-new-bill-4994192
> [2] Bill to regulate VASPs lands before Kenyan lawmakers – Mariblock
> www.mariblock.com/bill-to-regulate-vasps-lands-before-kenyan-lawmakers/
> [3] Kenya Proposes First Crypto Bill To Regulate Stablecoins – CIO Africa
> cioafrica.co/kenya-proposes-first-crypto-bill-to-regulate-stablecoins/
> [4] [PDF] The Virtual Asset Service Providers Bill, 2025 – The National
> Treasury
> www.treasury.go.ke/wp-content/uploads/2025/01/VIRTUAL-ASSET-SERVICE-PROVIDERS-BILL-2024.pdf
> [5] Kenya moves to regulate digital assets with new crypto bill
> techpoint.africa/news/kenya-to-regulate-digital-assets/
> [6] Kenya seeks to regulate crypto with new Virtual Assets Bill
> itweb.africa/content/KPNG8v8NPgDM4mwD
> [7] Virtual Assets Service Providers Bill – CMS law
> cms.law/en/ken/news-information/draft-national-policy-on-virtual-assets-and-virtual-asset-service-providers-virtual-assets-service-providers-bill-regulation-regime-on-the-horizon
> [8] The Virtual Asset Service Providers Bill, 2025 – CM Advocates LLP
> cmadvocates.com/en/blog/the-virtual-asset-service-providers-bill-2025
> [9] [PDF] The Virtual Asset Service Providers Bill, 2025 – Parliament of
> Kenya
> www.parliament.go.ke/sites/default/files/2025-04/THE%20VIRTUAL%20ASSET%20SERVICE%20PROVIDERS%20BILL,%202025%20(2).pdf
> [10] [PDF] Draft-Public-Notice-VIRTUAL-ASSETS-AND … – The National
> Treasury
> www.treasury.go.ke/wp-content/uploads/2025/01/Draft-Public-Notice-VIRTUAL-ASSETS-AND-VIRTUAL-ASSET-SERVICE.pdf
> [11] [PDF] blockchain association of kenya – BitcoinKE
> bitcoinke.io/wp-content/uploads/2024/05/VASP-Draft-Bill-Stamped-by-Clerk-National-Assembly.pdf
> [12] [PDF] Draft National Policy on Virtual Assets and Virtual Asset
> Service …
> www.treasury.go.ke/wp-content/uploads/2025/01/DRAFT-NATIONAL-POLICY-ON-VAs-AND-VASPs.pdf
> [13] THE VIRTUAL ASSETS SERVICE PROVIDERS BILL 2024
> www.oraro.co.ke/review-of-the-virtual-assets-service-providers-bill-2024/
> [14] Draft National Policy on Virtual Assets and Virtual Asset Service …
> www.dentonshhm.com/en/insights/alerts/2025/april/11/draft-national-policy-on-virtual-assets-and-virtual-asset-service-providers
> [15] Government of Kenya takes steps to regulate Virtual Asset Activities
> www.spencer-west.com/news/government-of-kenya-takes-steps-to-regulate-virtual-asset-activities/
> [16] Protecting Kenyans from crypto scams: How the VASP Bill, 2025 …
> www.cliffedekkerhofmeyr.com/news/publications/2025/Practice/Banking-Finance-Projects/banking-finance-and-projects-alert-20-february-protecting-kenyans-from-crypto-scams-how-the-vasp-bill-2025-aims-…
> [17] Kenya – Bowmans
> bowmanslaw.com/insights/kenya-the-virtual-assets-service-providers-bill-2024/
> [18] How to Get a Virtual Asset Service Provider (VASP) License in Kenya
> masibolaw.co.ke/2025/04/22/how-to-get-a-virtual-asset-service-provider-vasp-license-in-kenya/
> [19] Treasury holds public participation on Virtual Assets Service …
> www.kenyanews.go.ke/treasury-holds-public-participation-on-virtual-assets-service-providers-bill-2025/
>
>
> Best Regards
> ______________________
> Mwendwa Kivuva
> www.linkedin.com/in/mwendwa-kivuva
>