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In our previous publication, we examined the Virtual Asset Service Providers Regulations, 2026 (the Regulations), which operationalise the Virtual Asset Service Providers Act, 2025 (the VASP Act). Most commentary has focused on licensing and market access.
The framework matters for another reason too: it closes one of the gaps that led the Financial Action Task Force (FATF) to place Kenya on its list of “Jurisdictions under Increased Monitoring”, commonly known as the “grey list”.
26 October 26
Other Insights:
As part of ALN Kenya’s virtual assets series, this publication considers whether regulating virtual assets is enough to help Kenya exit the grey list.
Click here to download and read the full publication.
Should you have any questions regarding the information in this legal alert, please do not hesitate to contact Sonal Tejpar, Shelllomith Irungu, Mungai Njenga or Abdulrahman Faiz.