Web3 Clubs Founder's Friday Hosts Virtual Assets Chamber’s Allan Kakai to Discuss VASP Act Implementation

Kakai, who has been a central figure in the recently launched VAAK lobby, plans to break down the licensing process into actionable steps.

Kenya’s virtual-asset landscape reached a historic milestone on November 4, 2025, when the VASP Act officially commenced. This replaced the previous "patchwork" of warnings with a formal dual-regulatory regime: the CBK now oversees payment-related services like stablecoins and custodial wallets, while the CMA manages exchanges and tokenization. However, the industry is currently in a transition phase; as of early 2026, the first official VASP licenses are pending the publication of the Treasury’s final implementation guidelines.

Industry observers note that the formation of the Virtual Assets Association of Kenya (VAAK) in December 2025 reflects a shift toward unified policy engagement.

The Founders Friday session also aligns with a surge in Silicon Savannah tech activity. While funding for pure-play crypto has matured, Kenyan startups, particularly in climate-tech and asset financing, raised over $1 billion collectively in 2025, with many now looking to integrate blockchain rails for transparency.

By equipping developers with the tools to meet the Act’s rigorous **fit and proper"**and AML/KYC standards, the workshop aims to bridge the gap between innovation and the new legal requirements.

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