Web3Clubs & Virtual Assets Chamber officially launch a program to demystify Virtual Asset regulation in Kenya

The programme, scheduled for Fridays, will walk participants through licensing, compliance, AML/CFT obligations and the steps needed to build legally compliant, scalable Web3 products under the new regulatory framework.

The VASP Act, which came into force earlier this year, marks Kenya’s most ambitious attempt to bring clarity to a sector that has long operated in regulatory gray zones. While the legislation is praised for its forward‑looking approach, many startups cite uncertainty around licensing thresholds, reporting requirements and cross‑border transaction rules as a barrier to growth. By offering a structured curriculum that blends legal insight with practical product design, the cohort aims to close that knowledge gap and accelerate adoption of compliant digital‑asset services across the continent.

The initiative arrives at a moment when African regulators are increasingly engaging with the crypto ecosystem. Nigeria’s central bank has formed a task force to study stablecoin adoption, while South Africa’s Financial Sector Conduct Authority has implemented a mature licensing regime, having approved over 300 Crypto Asset Service Providers since 2023. Kenya’s move, however, is distinguished by its emphasis on a licensing regime that categorises service providers based on activity and risk profile, a model that could become a template for other jurisdictions.

Participants will join live sessions every other Friday, with each module covering a specific facet of the regulatory landscape, from the mechanics of obtaining a VASP licence to the intricacies of anti‑money‑laundering (AML) and counter‑terrorist financing (CFT) reporting.

Industry observers note that the timing is strategic. Crypto trading volumes in Kenya have surged by double digits since the launch of the VASP Act, and venture capital firms are eyeing the market for early‑stage investments. By equipping founders with the tools to navigate compliance, the cohort could help unlock a wave of capital that has so far been hesitant to flow into projects perceived as high‑risk from a regulatory standpoint.

Register here