Kenya Finalises Licensing Framework for Crypto Exchanges and Digital Asset Firms
Kenya has moved to finalise a licensing framework for cryptocurrency exchanges and digital asset firms, providing regulatory clarity for operators and potentially attracting new exchange entrants and capital to the market. The framework builds on Kenya's earlier AML enforcement actions against crypto assets.
Kenya Crypto: clarity is only as good as what it costs to comply
A licensing framework for crypto exchanges sounds like the obvious next step after years of enforcement-first policy in Kenya.
But the source material here is thin — we don't yet know what the licence actually demands: the capital thresholds, the audit requirements, the timeline. Those details are the whole game. A framework that sets the bar too high hands the market to a handful of well-capitalised foreign exchanges and quietly shuts out the local builders.
Watch the fine print, not the headline.
1 source
- Kenya finalises crypto licencing framework for exchanges, digital asset firms · techcabal.com · T1