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  • 25 Oct, 2025
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Government

Kenya's VASPS law and Crypto-Based Betting Regulation

Kenya's VASPS law and Crypto-Based Betting Regulation

Kenya's Virtual Asset Service Providers Act, 2025 establishes a dual-licensing regime requiring crypto-based betting platforms to comply with both virtual asset and gambling laws. This framework enhances regulation, consumer protection, and AML oversight but raises significant compliance costs and operational challenges for market participants.

CBK Rate Cuts: Economic Impacts and Sectoral Outlook

The CBK cut rates six times to 9.75% by June 2025, aiming to boost credit, growth and exports. Lending rates fell but banks remain cautious due to high NPLs. Key sectors like SMEs, real estate, and manufacturing benefit. Inflation stays low (3.8%), but structural risks could limit impact.

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How the Virtual Assets Providers Bill 2025 Will Impact Gaming, Insurance, and Other Sectors

Digital assets will be regulated across industries by the Virtual Assets Providers Bill 2025. It affects gaming, insurance, finance, and betting by requiring license for sites that use virtual currency. There will be oversight of betting coins and gaming tokens. Compliance is required of insurers who use tokenized assets. All are subject to AML/CFT regulations.

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Kenya's economic policies and initiatives

Kenya’s 2025 economic agenda focuses on tech-driven growth, digital infrastructure, climate-smart agriculture, and fiscal reform to attract investment, cut deficits, create jobs, and establish itself as Africa’s innovation hub. Key tactics include AI policy, green energy, and tax reforms.

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