Kenya seeks public comment on draft regulations governing cryptocurrency licenses.

On March 18th, TechCabal reported that the Kenyan Ministry of Finance has released the "Virtual Asset Service Providers Regulation (Draft) 2026," inviting public feedback on the access and regulatory framework for crypto and digital asset businesses until April 10th. National hearings are scheduled to commence on March 30th. This regulation builds upon the previously enacted "Virtual Asset Service Providers Act." The Central Bank of Kenya (CBK) will oversee stablecoins and payment-related institutions, while the Capital Markets Authority (CMA) will regulate exchanges, brokers, and tokenization platforms. Previously, Kenya adjusted its 3% digital asset tax on crypto transactions to a 10% consumption tax on service fees. On-chain data reveals that Kenya experienced approximately $19 billion in crypto inflows and had over 6 million users between July 2024 and June 2025.