CBK: Licensing of crypto service providers to begin after new regulations are issued

Contributing sentiments towards policy:

61% : The clarification comes after the Act -- gazetted on October 21 and effective from November 4 -- formally brought Kenya's digital asset and cryptocurrency market under statutory regulation for the first time.
55% : The Central Bank of Kenya says licensing of Virtual Asset Service Providers will start once new regulations under the Virtual Assets Service Providers Act, 2025 are released.
55% : NAIROBI, Kenya, Nov 18 -- The Central Bank of Kenya (CBK) says the licensing of Virtual Asset Service Providers (VASPs) will only begin once new regulations under the Virtual Assets Service Providers Act, 2025 are issued.
53% : "Consequently, the licensing of VASPs will commence upon issuance of these Regulations," the notice stated, underscoring that no entity has yet received approval.
42% : CBK and CMA said the National Treasury is currently developing detailed implementing regulations that will outline requirements for licensing, supervision, risk controls and compliance.

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