Kenya is proposing a raft of regulations that require cryptocurrency firms operating in the country to set up offices locally as the state works towards governing the digital market.
The Virtual Asset Service Providers Bill, 2025 published by the National Treasury states: “A virtual asset service provider shall maintain a registered office in Kenya.”
The government wants to license crypto trade and have companies like Binance and Coinbase appoint chief executive officers or directors subject to approval from a regulatory body such as the Capital Markets Authority (CMA).
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