Kenya Drafts Policy for Virtual Assets Including Cryptocurrency
- Kenya unveils draft policy for virtual assets and VASPs.
- Public input is being sought to refine cryptocurrency regulations.
- Kenya's regulatory approach has evolved from a soft ban in 2015 to current proposals.
The introduction of a draft policy for virtual assets in Kenya is a commendable step towards establishing a clear regulatory framework that can foster innovation while mitigating risks. However, the success of this initiative will depend on effective implementation and continuous engagement with stakeholders to adapt to the rapidly evolving crypto landscape.
