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In this edition:
Kenya’s Virtual Asset Service Providers (VASPs) Act 2025 | Building a Trusted Digital Finance Ecosystem
Kenya has taken a major step toward strengthening oversight of its digital finance ecosystem. On 15 October 2025, President William Ruto signed the Virtual Asset Service Providers (VASPs) Act, 2025 into law.
The Act establishes a framework for licensing, regulating, and supervising virtual asset exchanges, wallet providers, brokers, and tokenisation platforms. It introduces:
- Licensing and registration requirements for all virtual asset service providers
- Mandatory AML/CFT/CPF compliance and reporting obligations
- Governance, disclosure, and consumer protection standards
- Enforcement powers for the Central Bank of Kenya (CBK) and Capital Markets Authority (CMA).
These reforms address long-standing gaps identified by FATF and enhance Kenya’s ability to detect and prevent financial crimes. The VASPs Act also provides clarity for innovators and investors, ensuring a safe and transparent environment for digital asset growth.
Our latest Financial Crime Digest unpacks the Act’s key provisions and outlines practical steps organisations should take to prepare for compliance.
Register to download the latest Financial Crimes Digest publication
Kenya’s Virtual Asset Service Providers (VASPs) Act 2025 | Building a Trusted Digital Finance Ecosystem
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Contact us
John Kamau
Partner | Forensics Advisory, Eastern Africa Region, PwC Kenya
Tel: +254 (20) 285 5000
Senior Manager | Forensics and Financial Crime Advisory, Eastern Africa Region, PwC Kenya
Tel: +254 (20) 285 5000
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