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The Kenyan Parliament has passed the Virtual Asset Service Provider Bill to promote investment.
[Kenya's Parliament Passes the Virtual Asset Service Provider Bill to Promote Investment] The Kenyan Parliament has passed the Virtual Asset Service Provider Bill, aimed at promoting investments in digital assets and crypto assets by clarifying regulatory rules. The bill designates the central bank as the licensing authority for stablecoin and other virtual asset issuance, while the capital market regulatory authority is responsible for the licensing of crypto exchanges and related platforms. The bill now requires the signature of President William Ruto to take effect.