The Virtual Assets Bill

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.Subscribe to get notified when we make a new post.Show Notes00:00:00 Introduction00:05:04 Understanding Blockchain and Virtual Assets00:08:13 Regulatory Challenges, FATF Recommendations, and Legislation00:29:37 Stablecoins and their Role in the Ecosystem00:35:44 Licensing Requirements for Virtual Asset Service Providers00:40:36 Capitalization Requirements Debate00:44:48 Joint Virtual Asset Regulatory Authority00:49:35 Need for a Kenyan Stablecoin00:55:03 Raising Awareness on Initial Coin Offerings01:00:00 Sanctions and Penalties01:06:35 Data Protection and Repealing Digital Assets Tax01:09:36 Final Remarks Get full access to The Mwango Weekly at mwangocapital.substack.com/subscribe