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Treasury Cabinet Secretary John Mbadi has submitted Kenya’s Finance Bill 2026 to Parliament, introducing mandatory annual reporting requirements for virtual asset service providers alongside the reintroduction of a 20% withholding tax on gambling winnings, closing both lanes of the standard crypto-offshore migration path for affected players in a single piece of legislation. Two Reform Lanes … Read more
A Kenyan court has ordered the weeklong detention of a man accused of operating a fraudulent cryptocurrency investment platform. Suspicious App Triggered Investigation A Kenyan court ordered the weeklong detention of the alleged operator of a fraudulent cryptocurrency-themed investment platform, as detectives investigate a multilayered scheme that collected about $440,000 from unsuspecting investors. The order … Read more
The Central Bank of Kenya is reportedly actively recruiting for its first-ever dedicated virtual asset service provider supervision team. Key Takeaways: CBK opened recruitment for 4 VASP oversight roles following the passage of the 2025 VASP Act. The recruitment signals that the CBK aims to professionalize and stabilize Kenya’s growing crypto market. A 13-member committee … Read more
Kenya’s Credit Bank has partnered with Anzens to pilot the USDA stablecoin, potentially becoming the first licensed commercial bank in an emerging market to directly mint and distribute a stablecoin. Key Takeaways: Credit Bank PLC and Anzens launched a pilot to slash cross-border payment fees to a flat 1.5%. Stablecoins now drive 43% of African … Read more
Representatives of the Kenyan industry warn that proposed licensing rules could exclude startups, concentrate the market among well‑funded firms, and push users toward offshore platforms. Strict Licensing and Oversight Requirements Kenya’s cryptocurrency industry is reportedly raising concerns over draft regulations that would require firms to hold significant amounts of paid-up capital before obtaining operating licenses. … Read more
Governments from London to Brazil tightened their grip on iGaming this week, rolling out tax hikes, sponsorship bans, and enforcement drives that could reshape how the sector operates in 2026 and beyond. The regulatory tempo is quickening, and operators, affiliates, and investors are recalibrating as lawmakers chase revenue while promising tougher consumer protections. This Week’s … Read more
M‑pesa Africa has partnered with the ADI Foundation to integrate ADI Chain, a sovereign‑grade Layer 2 blockchain, across its mobile money operations in eight African countries, potentially reaching 60 million users. Bridging Traditional Mobile Money and Web3 M-pesa Africa and the ADI Foundation recently announced a strategic partnership to integrate institutional-grade blockchain infrastructure across the … Read more
Ezeebit, a South African crypto payments infrastructure startup, has raised $2.05 million in seed funding to expand its stablecoin-based payment network across South Africa, Kenya, and Nigeria. Funding to Drive Product Development and Expansion Ezeebit, a South African stablecoin and cryptocurrency payment infrastructure company, has successfully closed a $2.05 million (R34.9 million) seed funding round … Read more
Investigators from more than 10 African countries—including Nigeria, South Africa, and Uganda—recently completed a week-long course in Kenya on cryptocurrency crime investigations. Equipping Detectives with Advanced Forensic Skills Kenya’s Directorate of Criminal Investigations (DCI) recently concluded a major regional training initiative aimed at strengthening Africa’s capacity to combat cryptocurrency-related crime. Investigators from over 10 African … Read more
Kenya’s Parliament has passed the Virtual Asset Service Providers (VASP) Bill at its Third Reading, sending the comprehensive digital asset regulation to President William Ruto for assent. Integrated Oversight and Licensing Kenya is one step away from enacting its first comprehensive law to regulate digital assets after the National Assembly passed the virtual asset service … Read more