Kenya has passed a Virtual Asset Service Providers (VASP) law that fundamentally reshapes the regulatory landscape for digital assets in the country.

In plain English: it doesn’t regulate Bitcoin the protocol or your private self-custody. Instead, it regulates companies that touch customer assets — exchanges, custodians, token issuers, investment advisors, brokers, and trading platforms.

The law creates a licensing perimeter around commercial intermediaries and gives regulators enforcement teeth over that perimeter. Think of it as drawing a regulatory fence around businesses that handle other people’s bitcoin and crypto, whilst leaving individual users and peer-to-peer (P2P)…

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