Kenyan Parliament Passes Virtual Asset Service Providers Bill to Promote Investment
Jinse Finance reported that the Kenyan parliament has passed the Virtual Asset Service Providers Bill, aiming to promote digital asset and cryptocurrency investment by clarifying regulatory rules. The bill designates the central bank as the licensing authority for stablecoins and other virtual asset issuances, while the capital markets regulatory authority is responsible for licensing crypto exchanges and related platforms. The bill now awaits President William Ruto's signature to take effect.
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