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Tokenization & crypto licensing in Kenya

What the authorities publish on tokenized assets and digital-asset providers, and why it could or could not be read. 1 instruments from here are in our catalogue.

Buying crypto in Kenya: what to know

Legal
Who regulates
  • Central Bank of Kenya (CBK) — Licenses payment-related virtual-asset services (reportedly including stablecoin issuers) under the VASP Act 2025
  • Capital Markets Authority (CMA) — Licenses investment-related virtual-asset services such as exchanges
  • Kenya Revenue Authority (KRA) — Taxation
Licensing of providers
The Virtual Asset Service Providers Act 2025 (commenced 4 November 2025) and VASP Regulations 2026 (gazetted 22 July 2026, Legal Notice 134) split licensing between CBK and CMA. As of 25 October 2026, no provider was reported as licensed under the Act.
Tax

Kenya repealed its 3% Digital Asset Tax from July 2025 and now charges 10% excise duty on platform fees; how individuals' crypto gains are taxed has no specific KRA guidance.

Gains: No crypto-specific rate; 3% Digital Asset Tax repealed 2025. General income or capital gains tax rules may apply (no specific guidance)

Tax authority: kra.go.ke ↗

Full tax page, incl. tokenized stocks and funds →

Stablecoins
Stablecoin issuers face the highest capital requirement (reported KES 300 million) and reserve/redemption duties under the 2026 Regulations.
Watch out
  • Licensing has only just opened; check the CMA and CBK for licensed providers.
  • Excise duty is built into platform fees.
  • Existing providers must comply within one year of the Act's commencement, i.e. by 4 November 2026.

Checked 2026-10-29 · Confidence: medium · Sources: [1][2][3][4][5]

Not confirmed: EY gives 21 Oct 2025 as entry into force (gazettement) vs 4 Nov 2025 commencement elsewhere. · Legal Notice 134 and 'no licensee yet' from one secondary guide only. · Taxation of individuals' gains and staking unclear.

Compiled to the best of our knowledge from the sources linked. Information, not tax or legal advice. Rules change — check the linked official sources before acting.

Found an error or something out of date? Tell us at [email protected] — we check and correct it.

Official registers

What the authorities publish — and what we read

Status: No public register. Every address below was loaded, not guessed. A register entry records that an authority licensed, registered or approved something; it says nothing about whether you may or should buy it.

AuthorityRegisterFinding
Capital Markets Authority (CMA) – sandbox + investment-type VASPs; Central Bank of Kenya (CBK) – payment-type VASPs (VASP Act 2025, in force 04.11.2025; Regulations 2026)CMA Regulatory Sandbox portal; CMA Licensees/Market Players portalNo public register

In our catalogue: 1 instruments from Kenya

1 live.

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Tokenization in Kenya — official registers | TokenBank