Tax, VAT, customs and trade alerts

We provide a wealth of publications by PwC Kenya providing informed commentary on current developments in the tax arena.

Through analysis and comment on new law and judicial decisions of interest, they assist business executives to identify developments and trends in tax law and revenue practice that might impact their business.

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In this alert:

Legal Alert - Kenya enacts Virtual Assets Service Providers (“VASP”) Regulations 2026

Kenya recently introduced the Virtual Asset Service Providers Regulations, 2026 which were enacted under the Virtual Asset Service Providers Act, 2025, establishing a comprehensive regulatory framework for virtual asset services in or from Kenya. The Regulations apply across a broad range of activities, including exchanges, wallet services, payment processing, brokerage, investment advisory and management, token issuance, tokenization and stablecoin issuance.

The framework introduces licensing, prudential, conduct and supervisory requirements, with oversight shared between the Capital Markets Authority and the Central Bank of Kenya depending on the activity carried out. It also establishes stronger governance, consumer protection, cybersecurity, safeguarding, disclosure and market abuse controls, and gives regulators significant supervisory and intervention powers.

For businesses, the Regulations mark a shift from a largely unregulated operating environment to a more formalised regulatory regime. Firms seeking to operate in Kenya’s virtual assets market will need to assess whether they fall within scope, review their governance and compliance frameworks, and prepare for more detailed licensing and operational requirements.