Virtual Assets Chamber of Commerce

"Reasonable Taxation & Compliance Measures: The current 3% digital asset tax on the trade or transfer of virtual assets regardless of profit or loss threatens to cripple job creation, drive the sector “underground”, and push investment away from Kenya. Without urgent reconsideration, Kenya risks strangling its burgeoning blockchain and crypto ecosystem, deterring global players, and losing its competitive edge in Africa’s digital economy.”  #Kenya #Bitcoin #Luno

Kenya stands at a regulatory crossroads—one that will set a precedent not just for the nation, but for the entire African continent. As a leading financial hub in East Africa, Kenya’s approach to Virtual Asset Service Provider (VASP) regulation will influence neighbouring countries, shaping the policies that define Africa’s digital economy for years to come. This is more than just local legislation. It’s a blueprint for Africa’s crypto and blockchain future. The decisions made today will either catalyze innovation and investment or push businesses offshore, stifling the growth of a thriving, homegrown digital economy. WE NEED YOUR VOICE! Let’s work together to ensure that Kenya, and Africa as a whole, adopt a regulatory framework that fosters innovation, financial inclusion, and sustainable growth. Please submit your feedback via a memo to Kenya’s National Treasury via email at pstnt@treasury.go.ke today! The time to shape Africa’s crypto future is NOW! 🚀 S.A KAKAI Bill Okello Basil Ogolla Chebet Kipingor Sheila Waswa Apollo Sande Keega Gachutha, CISI, CpM Tony Olendo David Kimani Felix Macharia Paul Gachora Sheila Warren Sandra Ro 🇺🇦 Perianne Boring Caroline Malcolm Philip Mawusi Adiamah Dante A. Disparte Michael Sonnenshein Kristin Smith Cuy Sheffield Yaya Jata Fanusie Vitalik Buterin Ethereum Foundation European Crypto Initiative Global Blockchain Business Council (GBBC) INATBA - International Association for Trusted Blockchain Applications Crypto Council for Innovation Blockchain Association Coin Center Global Digital Asset & Cryptocurrency Association Africa Blockchain Institute Blockchain for Europe Binance Charity Bitget BITmarkets Busha Yellow Card Luno World Economic Forum #CryptoRegulation #BlockchainForAfrica #VASPKenya

The Virtual Assets Chamber of Commerce proudly represented blockchain & virtual asset stakeholders at the final public participation for the 2025 VASP Bill & National Policy Framework. A pivotal moment that could set a precedent for the whole of Africa 🚀 We ensured key industry stakeholder concerns on tax, innovation & operations were addressed. Huge thanks to all our valued members, our core team & all the Kenyans who showed up & contributed! We also extend our gratitude to the National Treasury Kenya for providing this platform and we look forward to continued engagement in shaping Kenya’s digital asset future. Your voice matters! Let’s keep pushing forward. 🇰🇪💡 S.A KAKAI Bill Okello Apollo Sande Basil Ogolla Chebet Kipingor Rufas Kamau David Kimani Felix Macharia Keega Gachutha, CISI, CpM Sheila Waswa Meave Akinyi #VASP2025 #CryptoRegulation #PolicyFrameworks

The Virtual Assets Chamber of Commerce proudly represented blockchain & virtual asset stakeholders at the final public participation for the 2025 VASP Bill & National Policy Framework. A pivotal moment that could set a precedent for the whole of Africa 🚀 We ensured key industry stakeholder concerns on tax, innovation & operations were addressed. Huge thanks to all our valued members, our core team & all the Kenyans who showed up & contributed! We also extend our gratitude to the National Treasury Kenya for providing this platform and we look forward to continued engagement in shaping Kenya’s digital asset future. Your voice matters! Let’s keep pushing forward. 🇰🇪💡 S.A KAKAI Bill Okello Apollo Sande Basil Ogolla Chebet Kipingor Rufas Kamau David Kimani Felix Macharia Keega Gachutha, CISI, CpM Sheila Waswa Meave Akinyi #VASP2025 #CryptoRegulation #PolicyFrameworks

⚖️ Navigating the Future of Crypto Regulation in Kenya: The 2025 VASP Bill ⚖️ Kenya's cryptocurrency landscape is undergoing a shift with the introduction of the Virtual Assets Service Providers (VASP) Bill, 2025. In a recent Twitter Space hosted by the VASP Chamber of Commerce, industry experts explored the bill's potential to redefine the crypto ecosystem, highlighting key areas: 1️⃣ History of Regulation: From early warnings by the Central Bank of Kenya (CBK) to landmark decisions like Wiseman Talent Ventures v CMA, Kenya's journey toward crypto regulation has been dynamic. 2️⃣ Impact of Regulation: The sector now faces stringent compliance measures, from licensing requirements to consumer protection guidelines. 3️⃣ Breakdown of the VASP Bill: Covering licensing, tax obligations, and anti-money laundering safeguards, the bill proposes heavy penalties for non-compliance and sets a framework for oversight by CBK and CMA. 4️⃣ Strengths & Gaps such as: Stablecoins: Omission of clear rules leaves issuers in a gray area. Peer-to-Peer Trading: Ambiguities around escrow services and exemptions need clarity. Special thanks to Kenya Blockchain and Crypto Conference, S.A KAKAI, Chebet Kipingor, Sheila Waswa, FA OBONYO, Hillary James CPA , MCSI, Basil Ogolla, Hilda Rita Mugasia, and all participants for taking part in the discussion. Read the full article below.

📜 Breaking Down the VASP Bill 2025 Here’s a comprehensive overview of the Virtual Asset Service Providers (VASP) Bill 2025, as presented by the VASP Chamber of Commerce. This pivotal legislation aims to regulate virtual assets, enhance consumer protection, and align Kenya with global crypto standards. #CryptoRegulation #VASPBILL2025

⚖️ Navigating the Future of Crypto Regulation in Kenya: The 2025 VASP Bill ⚖️ Kenya's cryptocurrency landscape is undergoing a shift with the introduction of the Virtual Assets Service Providers (VASP) Bill, 2025. In a recent Twitter Space hosted by the VASP Chamber of Commerce, industry experts explored the bill's potential to redefine the crypto ecosystem, highlighting key areas: 1️⃣ History of Regulation: From early warnings by the Central Bank of Kenya (CBK) to landmark decisions like Wiseman Talent Ventures v CMA, Kenya's journey toward crypto regulation has been dynamic. 2️⃣ Impact of Regulation: The sector now faces stringent compliance measures, from licensing requirements to consumer protection guidelines. 3️⃣ Breakdown of the VASP Bill: Covering licensing, tax obligations, and anti-money laundering safeguards, the bill proposes heavy penalties for non-compliance and sets a framework for oversight by CBK and CMA. 4️⃣ Strengths & Gaps such as: Stablecoins: Omission of clear rules leaves issuers in a gray area. Peer-to-Peer Trading: Ambiguities around escrow services and exemptions need clarity. Special thanks to Kenya Blockchain and Crypto Conference, S.A KAKAI, Chebet Kipingor, Sheila Waswa, FA OBONYO, Hillary James CPA , MCSI, Basil Ogolla, Hilda Rita Mugasia, and all participants for taking part in the discussion. Read the full article below.

UPCOMING WEBINAR: Kenya's Virtual Assets Revolution Join us on Monday, January 20th, as we deep dive into Kenya's transformative Virtual Asset Service Providers Bill, 2025, and National Policy on Virtual Assets. Time: 10:00 AM - 11:00 AM EAT Link: https://lnkd.in/d6znb9zh Featured Experts:  S.A KAKAI Crypto Assets Legal Expert and Policy Analyst with extensive experience in DeFi and traditional finance integration. He will break down the regulatory framework and compliance requirements Chebet Kipingor Regional Ambassador at AWIC, Kenya Lead at Busha, bringing expertise in digital strategy and blockchain technology. She will explore innovation opportunities and market impact Key Focus Areas: • New legislative framework for virtual assets • Licensing and compliance requirements • Consumer protection mechanisms • Innovation and market development • Risk management strategies This is your chance to understand how Kenya is positioning itself as a leader in the digital asset space while ensuring market integrity and financial stability. #VirtualAssets #Fintech #KenyaFintech #Blockchain #DigitalTransformation #Innovation #Cryptocurrency Ali Hussein Kassim Christine Kitale Munyi Nthigah Sebie Salim Roy Njoka Rosemary Koech-Kimwatu Leon Kiptum Mary Mwangi Ali bin Mohamed Robert Muoka

Join us today for our final industry stakeholder X Space on crypto regulation in Kenya! We'll focus on how you can share feedback & comments on the bill shaping our crypto future. ⏰ Time: 8:00 PM EAT 📌 Tune in: https://lnkd.in/drsqXuMU Let’s make your voice count in building Kenya’s crypto ecosystem! S.A KAKAI Bill Okello Sheila Waswa Apollo Sande Chebet Kipingor Hilda Rita Mugasia Basil Ogolla Chasing Mavericks Kenya Blockchain and Crypto Conference FA OBONYO, Hillary James CPA , MCSI #CryptoRegulation #PolicyFramework #VASPBill2025

Quite an audience for Part 2 of the Virtual Assets Service Providers Bill 2025 Review. Find the link of the recording for those who missed.https://lnkd.in/dy_TEmRr Virtual Assets Chamber of Commerce Kenya Blockchain and Crypto Conference Chasing Mavericks