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Kenya’s CBK Operationalizes Virtual Asset Service Provider Regulations

Licensing review includes whether directors and senior officers meet fit-and-proper criteria.

An unmarked licensing folder rests before a stone regulatory entrance / TokenPost.ai
An unmarked licensing folder rests before a stone regulatory entrance / TokenPost.ai

The Central Bank of Kenya has operationalized regulations requiring virtual-asset service providers to obtain licenses.

The regulations require virtual-asset service providers to obtain licenses. Licensing review also considers whether directors and senior officers meet fit-and-proper criteria.

The framework sets licensing and governance conditions for firms seeking to provide virtual-asset services in Kenya.

Riza Dagoc

Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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