In this episode recorded on July 23, 2025, and hosted by Julians Amboko, we are joined by Tony Olendo, chair of the Virtual Assets Chamber of Commerce, to unpack Kenya’s new Virtual Asset Service Providers (VASP) Bill.
We cover the licensing requirements for virtual asset service providers, legislation, FATF recommendations, regulatory challenges, and initial coin offerings.
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Show Notes
00:00:00 Introduction
00:05:04 Understanding Blockchain and Virtual Assets
00:08:13 Regulatory Challenges, FATF Recommendations, and Legislation
00:29:37 Stablecoins and their Role in the Ecosystem
00:35:44 Licensing Requirements for Virtual Asset Service Providers
00:40:36 Capitalization Requirements Debate
00:44:48 Joint Virtual Asset Regulatory Authority
00:49:35 Need for a Kenyan Stablecoin
00:55:03 Raising Awareness on Initial Coin Offerings
01:00:00 Sanctions and Penalties
01:06:35 Data Protection and Repealing Digital Assets Tax
01:09:36 Final Remarks
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