KENYA HAILED FOR SPEARHEADING CRYPTO REGULATION LAWS IN KENYA

Binance, the world’s leading blockchain ecosystem by volume, and the Virtual Assets Chamber (VAC) spoke with members of the media in Nairobi this week to reinforce their support for inclusive, innovation-driven crypto regulations in Kenya. Applauding the progress made through the Virtual Asset Service Provider (VASP) Bill, the two organizations called for a balanced and innovation-focused approach to taxation that can unlock the full potential of Kenya’s emerging crypto economy.
The joint press conference, led by Larry Cooke, Binance’s Head of Legal for Africa, and Allan Kakai, Director of VAC, celebrated the VASP Bill as a major step forward while encouraging continued refinement to ensure that tax policy supports sustainable growth and innovation.
Cooke and Kakai commended ongoing efforts to bring clarity to the digital asset space but noted that aligning tax policy with this forward momentum is key to ensuring that Kenya doesn’t miss the opportunity to become Africa’s digital asset hub.