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Listen "Kenya's Revolutionary Crypto Bill EXPLAINED | What You Need to Know in 2025 I TECH ROUNDTABLE"
Episode Synopsis
In a groundbreaking development for Kenya's digital economy, the country has unveiled a comprehensive crypto regulation bill that seeks to strike a balance between innovation and oversight.
As discussed on the latest episode of 'The Tech Roundtable' by Dominic & Evans, the bill represents a thoughtful approach by designating specific regulatory bodies - the Capital Markets Authority and Central Bank of Kenya - to oversee different aspects of virtual asset services.
The legislation creates clear categories for virtual asset service providers, including wallet providers, exchanges like Binance, and payment processors. It mandates annual licensing while deliberately avoiding controversial classifications around tokens and securities that have complicated regulation in other countries like the US.
What makes Kenya's approach notable is its pragmatic focus on enabling legitimate crypto businesses to operate openly with bank accounts rather than through complex corporate structures. While some aspects like taxation remain intentionally flexible, the bill opens the door for public comment and refinement.
This regulatory framework could help Kenya capture economic opportunities while providing guardrails for consumer protection.
Though questions remain about implementation details, the bill represents a significant first step toward bringing crypto activities into a regulated space while maintaining room for innovation.
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As discussed on the latest episode of 'The Tech Roundtable' by Dominic & Evans, the bill represents a thoughtful approach by designating specific regulatory bodies - the Capital Markets Authority and Central Bank of Kenya - to oversee different aspects of virtual asset services.
The legislation creates clear categories for virtual asset service providers, including wallet providers, exchanges like Binance, and payment processors. It mandates annual licensing while deliberately avoiding controversial classifications around tokens and securities that have complicated regulation in other countries like the US.
What makes Kenya's approach notable is its pragmatic focus on enabling legitimate crypto businesses to operate openly with bank accounts rather than through complex corporate structures. While some aspects like taxation remain intentionally flexible, the bill opens the door for public comment and refinement.
This regulatory framework could help Kenya capture economic opportunities while providing guardrails for consumer protection.
Though questions remain about implementation details, the bill represents a significant first step toward bringing crypto activities into a regulated space while maintaining room for innovation.
__________________________________________________________________
Join us as we explore the world of tech and shares impactful stories on My Tech Story Africa!
Subscribe to our podcast, drop a like, comment, and hit the notification bell to stay updated with our latest content.
Don't forget to spread the word! Sharing is caring! 🌟
Follow us on social media:
📸 Instagram: / mytechstoryafrica
💼 LinkedIn: / my-tech-story-africa
♪ TikTok: / mytechstoryafrica
Join our community: https://www.mtsafrica.co
Interested in being a guest on the podcast? Apply here: https://forms.gle/ffAniezzFHoEvhPY7
Interested in partnering with us? Drop us an email: [email protected] 📧
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