Kenya Passes Law Establishing Crypto Supervisory Regime
A bill passed by Kenya's parliament will grant the central bank authority to license virtual asset issuers, awaiting the president's signature.
The move aims to provide legal clarity for the crypto industry in Kenya.
Kuria Kimani, chairman of the finance committee, confirmed that legislators passed the bill the previous week.
- The bill needs the president's signature to become law.
- The central bank will have authority to license virtual asset issuers.
Author's summary: Kenya's parliament passes crypto supervisory regime bill.