Kenya Passes VASP Bill, Ghana Drafts Crypto Regulations

Nairobi,Accra

Kenya has passed the Virtual Asset Service Providers (VASP) Bill, bringing cryptocurrency exchanges under the supervision of the Central Bank of Kenya and the Capital Markets Authority. Ghana is drafting a parallel framework to license and regulate digital asset providers while protecting consumers.

These regulatory moves aim to provide clarity, attract institutional investment, and protect retail investors, balancing innovation with financial stability. Industry leaders say clearer rules may also encourage fintech growth and wider adoption of digital assets.

Why It Matters
Regulation legitimizes Africa’s growing crypto ecosystem, helping attract investors while mitigating risk. Clear rules can prevent fraud, protect users, and foster responsible innovation.

What to Watch

Implementation of Kenya’s VASP Bill and Ghana’s final regulations.

Adoption by crypto exchanges and fintech startups.

Cross-border regulatory coordination within Africa.

Market uptake among businesses and retail users.