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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