Kenya Moves to Regulate Cryptocurrency with New Digital Assets Bill
Kenya’s parliament has officially passed a landmark bill to regulate the country’s fast-growing cryptocurrency industry. The legislation sets a clear legal framework for digital assets — marking one of Africa’s most comprehensive efforts to bring oversight to the crypto space.
Under the new law, the Central Bank of Kenya will take charge of licensing and supervising stablecoins, while the Capital Markets Authority (CMA) will oversee crypto exchanges and digital asset service providers. This dual-regulator model aims to balance innovation with consumer protection and financial stability.
Lawmakers say the bill will help curb fraud, enhance transparency, and position Kenya as a regional fintech leader. However, industry analysts note that implementation will be crucial, as the sector has long operated in a regulatory gray zone.
Kenya, home to a tech-savvy youth population and one of Africa’s highest crypto adoption rates, is now taking a decisive step toward integrating digital currencies into its formal financial system — with an eye on both opportunity and oversight.
