Kenya’s parliament has just approved a new law that regulates crypto assets, a move aimed at attracting more tech‑money into the country.
The bill, which will help businesses and investors navigate the digital‑currency landscape, gives a clear legal framework for everything from Bitcoin to stablecoins. Officials say it will reduce uncertainty for traders and protect consumers.
“We want to make Kenya a hub for fintech,” said a lawmaker. “This policy gives clarity and safeguards people’s money.”
The vote was swift. The forum passed the law by a large margin, signaling a strong commitment to the growing cryptocurrency market.
Investments from abroad could grow once regulators have defined rules for trading, funding, and tax compliance. Small traders will also benefit from clearer guidelines on how to handle digital tokens.
Kenya’s move follows a global trend of countries tightening crypto rules while trying to catch up with booming technology. By providing a balanced approach, lawmakers hope to keep the country’s digital economy safe and thriving.
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