Kenya’s Legislative Leap
Kenya’s parliament has approved the Virtual Asset Service Providers Bill, aiming to regulate digital assets like cryptocurrencies. This move is designed to attract investment by providing a clear legal framework. The bill designates the Central Bank as the authority for licensing stablecoins and virtual assets, while crypto exchanges and trading platforms will fall under the Capital Markets Authority’s jurisdiction. This legislation aligns Kenya with other African nations that have established crypto regulations, positioning it as a potential digital finance hub on the continent.
Pakistan’s Regulatory Developments
In Pakistan, the government has established the Pakistan Crypto Council to develop a regulatory and operational framework for cryptocurrency. Additionally, cryptocurrency regulation news the Pakistan Virtual Assets Regulatory Authority (PVARA) has been set up to license and regulate virtual asset services and providers. These steps indicate a shift towards formalizing the crypto sector, aiming to integrate blockchain technology and digital assets into Pakistan’s financial landscape.
U.S. Legislative Actions
The United States has introduced significant legislation to regulate digital assets. The GENIUS Act, signed into law in July 2025, provides a comprehensive regulatory framework for stablecoins. This act aims to ensure consumer protection and promote innovation in the digital asset space. These developments reflect a broader trend towards establishing clear regulations for cryptocurrencies globally.