Kenya: Virtual Assets Service Providers Bill 2025 including prohibition of goods and services was introduced to National Assembly

On 4 April 2025, the Virtual Assets Service Providers Bill 2025 was introduced to the National Assembly. The Bill amended provisions from the previous version announced on 9 January 2025. The revised Bill introduced a prohibition on virtual asset service providers offering mixer/tumbler services and anonymity-enhancing technologies under Section 22(1)(a), defining these as cryptographic tools that conceal transaction origins and digital asset services designed to obscure information. The amendments also expanded the regulatory framework for stablecoins, now classified as virtual assets pegged to reserve holdings under Section 2, with oversight authority granted to the Central Bank of Kenya as specified in the First Schedule.