Kenya has inched closer to operationalizing its Virtual Assets regulatory framework. This comes in the wake of stablecoin transactions in the country reaching an estimated 500 million US dollars monthly among six million users. Industry players say while Parliament has already passed the virtual asset service providers act, 2025 to govern virtual assets, critical subsidiary regulations by the Central Bank of Kenya, National Treasury and the Capital Markets Authority will determine how the sector integrates with banks, mobile money and capital markets.
Connect with KBC Online;
Subscribe to our channel: https://t.ly/86BKNc
Follow us on Twitter: https://twitter.om/KBCChannel1
Find us on Facebook: https://www.facebook.com/kbcchannel1TV
Check our website: https://www.kbc.co.ke/
#kbcchannel1 #news #kbclive
