Kenya Virtual Assets Service Providers Bill 2025

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*Ali Hussein*

Fintech | Digital Transformation

Tel: +254 713 601113

Twitter: @AliHKassim

LinkedIn: Ali’s Profile <ke.linkedin.com/in/alihkassim>
<ke.linkedin.com/in/alihkassim>

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On Wed, Apr 23, 2025 at 2:33 PM Grace Githaiga via KICTANet <
[email protected]> wrote:

> Kivuva
> Do you have the link to the bill? Please share. Thanks.
>
> 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
>>

Kenya.VASP-Bill.2025.pdf