This page may contain stale information. Last updated: 2026-07-05
Overview
The Capital Markets Authority (CMA) of Kenya supervises investment-related virtual asset activities under Kenya’s dual-regulator VASP framework.
Regulatory Scope
- Virtual asset exchanges
- Tokenization platforms
- Initial coin offering (ICO) platforms
- Minimum capital: KSh200 million for tokenization/ICO platforms; KSh150 million for exchanges
Dual Structure
CBK oversees payment rails and stablecoin issuers; CMA handles securities-like virtual asset activities — a split model similar to other emerging-market crypto frameworks.