Kenya has officially passed a groundbreaking cryptocurrency regulation bill. The new law places stablecoins and digital assets under the supervision of the Central Bank of Kenya, while cryptocurrency exchanges will be regulated by the Capital Markets Authority. This marks a major step toward legal clarity and investor protection in Africa’s fastest-growing crypto market.
The shift will not happen because governments endorse it but because participants in the economy discover it is the most efficient and incorruptible medium for preserving value. The real debate is not whether Bitcoin will replace the dollar tomorrow, but how rapidly global trade will begin to benchmark against a currency that no one can print or confiscate...
Kenya has officially passed a groundbreaking cryptocurrency regulation bill. The new law places stablecoins and digital assets under the supervision of the Central Bank of Kenya, while cryptocurrency exchanges will be regulated by the Capital Markets Authority. This marks a major step toward legal clarity and investor protection in Africa’s fastest-growing crypto market.
The shift will not happen because governments endorse it but because participants in the economy discover it is the most efficient and incorruptible medium for preserving value. The real debate is not whether Bitcoin will replace the dollar tomorrow, but how rapidly global trade will begin to benchmark against a currency that no one can print or confiscate...