{"id":124906,"date":"2025-11-18T09:06:52","date_gmt":"2025-11-18T09:06:52","guid":{"rendered":"https:\/\/chezaspin.com\/blog\/index.php\/2025\/11\/18\/cbk-cma-say-treasury-finalising-regulations-to-anchor-licensing-of-crypto-service-providers\/"},"modified":"2025-11-18T09:06:52","modified_gmt":"2025-11-18T09:06:52","slug":"cbk-cma-say-treasury-finalising-regulations-to-anchor-licensing-of-crypto-service-providers","status":"publish","type":"post","link":"https:\/\/chezaspin.com\/blog\/cbk-cma-say-treasury-finalising-regulations-to-anchor-licensing-of-crypto-service-providers\/","title":{"rendered":"CBK, CMA say Treasury finalising regulations to anchor licensing of crypto service providers"},"content":{"rendered":"<p><strong>NAIROBI, Kenya, Nov 18 \u2014 The licensing of Virtual Asset Service Providers (VASPs) will only begin once new regulations under the Virtual Assets Service Providers Act, 2025 are issued.<\/strong><\/p>\n<p>In a joint statement on Tuesday, the CBK and the Capital Markets Authority (CMA) clarified that neither agency has licensed any VASPs to operate in or from Kenya under the new law.<\/p>\n<p>The clarification comes after the Act\u2014gazetted on October 21 and effective from November 4\u2014formally brought Kenya\u2019s digital asset and cryptocurrency market under statutory regulation for the first time.<\/p>\n<p>CBK and CMA said the National Treasury is currently developing detailed implementing regulations that will outline requirements for licensing, supervision, risk controls and compliance.<\/p>\n<p>\u201cConsequently, the licensing of VASPs will commence upon issuance of these Regulations,\u201d the notice stated, underscoring that no entity has yet received approval.<\/p>\n<p>Under the new law, CBK and CMA have been designated as joint regulators of virtual asset exchanges, wallet providers, token platforms and custodians. The framework introduces stringent anti\u2013money laundering, governance, reporting and consumer-protection obligations for entities seeking approval.<\/p>\n<p>Kenya has moved to formalise oversight of the fast-growing crypto market following rising uptake of digital assets and a series of unregulated investment schemes that exposed consumers to significant financial risks.<\/p>\n<p>Regulators said the new regime aligns Kenya with global standards and provides clarity for firms seeking to enter or operate within the sector.<\/p>\n<p>The law was passed by Parliament in October 2025 and later assented to by President William Ruto before being gazetted.<\/p>","protected":false},"excerpt":{"rendered":"<p>NAIROBI, Kenya, Nov 18 \u2014 The licensing of Virtual Asset Service Providers (VASPs) will only begin once new regulations under the Virtual Assets Service Providers Act, 2025 are issued. In a joint statement on Tuesday, the CBK and the Capital Markets Authority (CMA) clarified that neither agency has licensed any VASPs to operate in or [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-124906","post","type-post","status-publish","format-standard","hentry","category-uncategorized","entry"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts\/124906","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/comments?post=124906"}],"version-history":[{"count":0,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts\/124906\/revisions"}],"wp:attachment":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/media?parent=124906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/categories?post=124906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/tags?post=124906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}