Kenyan regulators have issued a stern warning that no cryptocurrency firms are currently licensed under the country’s new Virtual Asset Service Provider Act. The alert comes as Bitcoin ATMs mysteriously appear in major Nairobi shopping malls just days after the landmark legislation took effect. Authorities emphasize that any providers claiming regulatory approval are operating illegally, creating an immediate enforcement challenge for the nation’s financial watchdogs.
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Generated 0 posts last week Kenya Enacts Crypto Regulation Bill to Become Africa Gateway
Kenya’s parliament has passed the Virtual Asset Services Providers Bill, establishing the country’s first comprehensive cryptocurrency regulatory framework and positioning the nation as a potential gateway for digital assets in Africa. The legislation designates the Central Bank of Kenya and Capital Markets Authority as primary regulators, coming as the country ranks fourth in Africa for crypto value received with nearly $20 billion in assets during the July 2024-June 2025 period. This regulatory push aims to harness Kenya’s strong youth adoption and existing digital payment infrastructure while addressing concerns about industry misuse.
about Kenya Enacts Crypto Regulation Bill to Become Africa GatewayPortal To Bitcoin: Revolutionizing BTC Access & DeFi Integration
Portal To Bitcoin (PTB) is emerging as a transformative protocol that seamlessly connects Bitcoin to decentralized finance, enhancing its liquidity and accessibility. Meanwhile, financial experts are advocating for Bitcoin’s role in diversified investment portfolios, particularly in markets like Kenya. This dual perspective highlights both technological innovation and strategic financial adoption.
about Portal To Bitcoin: Revolutionizing BTC Access & DeFi IntegrationRipple Launches RLUSD Stablecoin in Africa via Fintech Deals
Ripple has launched its RLUSD stablecoin in Africa through partnerships with fintech firms Chipper Cash, VALR, and Yellow Card, providing immediate access to millions of users. The stablecoin, which debuted in late 2024 with a $710 million market cap, is being positioned for institutional adoption rather than retail trading. Additionally, Ripple is piloting humanitarian applications in Kenya with Mercy Corps Ventures, using RLUSD for blockchain-based insurance products against climate risks. The token is listed on major exchanges including Gemini and Kraken, facilitating institutional use for payments and collateral. While on-chain activity shows growing transaction volumes reaching $194 million in August, RLUSD still trails significantly behind established stablecoins in daily liquidity and usage.
about Ripple Launches RLUSD Stablecoin in Africa via Fintech DealsRipple Expands RLUSD Stablecoin in Africa to Challenge USDT
Ripple has announced partnerships with African fintech firms Chipper Cash, VALR, and Yellow Card to expand the reach of its RLUSD stablecoin across the continent. The initiative focuses on using RLUSD for payments, settlements, and social impact projects, such as drought and rainfall insurance in Kenya, enabled by smart contracts for automated, transparent payouts. With a market cap exceeding $700 million since its launch, RLUSD is positioned to compete with Tether’s USDT, which currently dominates Africa’s stablecoin transactions. Reports indicate stablecoins account for 43% of crypto volume in Sub-Saharan Africa, highlighting their role in addressing foreign-exchange shortages and settlement delays. Ripple’s strategy emphasizes institutional adoption and practical utility beyond speculation.
about Ripple Expands RLUSD Stablecoin in Africa to Challenge USDTDiageo Reviews East African Breweries with BofA, Goldman
Diageo Plc has appointed Bank of America and Goldman Sachs to evaluate strategic options for its East African Breweries Ltd. (EABL) subsidiary, which is listed in Nairobi. The review could lead to a sale of the beer business, potentially valued at around $2 billion, as Diageo seeks to adopt an asset-light approach to free up capital. EABL currently has a market value of approximately $1.2 billion, with Diageo holding a 65% stake. This move reflects Diageo’s broader strategy to optimize its portfolio and reinvest in growth opportunities.
about Diageo Reviews East African Breweries with BofA, GoldmanPi Wallet Now Supports Direct Fiat Purchases
Pi Network has rolled out a major update enabling users to purchase Pi directly in the Pi Wallet using fiat, eliminating the need for third-party exchanges. The feature, supported by Banxa and Onramper, allows seamless transactions via debit cards, Apple Pay, or Google Pay, making crypto more accessible to beginners. Available in over 100 countries, this update could drive mass adoption and enhance Pi’s real-world utility, especially with over 7,900 dApps already built on Pi App Studio. Recent upgrades, including Pi Desktop enhancements and Pi Node v0.5.3, have improved performance and user experience, contributing to a 14% price surge and a 205% increase in trading volume. If Pi breaks above $0.52, it could target $0.85, reflecting strong community enthusiasm.
about Pi Wallet Now Supports Direct Fiat PurchasesRipple Concludes Blockchain Drought Insurance Pilot in Kenya
Ripple, in partnership with Mercy Corps Ventures and DIVA Donate, has wrapped up its blockchain-based drought insurance pilot in Kenya, insuring 517 pastoralists. The program leveraged the Normalized Difference Vegetation Index (NDVI) to monitor vegetation health, triggering $75 RLUSD payouts via smart contracts if drought conditions were detected. While no payouts were made this cycle due to favorable conditions, the unused funds will roll over to the next high-risk period in late 2025. The initiative highlights blockchain’s potential for transparent, data-driven aid delivery, addressing long-standing challenges in cross-border humanitarian efforts. Ripple’s Impact Program has donated over $200 million since 2018 to promote financial inclusion and sustainable solutions. Meanwhile, XRP’s price surged 7% amid these developments, trading at $2.8 with bullish projections ahead.
about Ripple Concludes Blockchain Drought Insurance Pilot in KenyaIOTA’s TWIN Whitepaper Revolutionizes Global Trade
IOTA’s updated TWIN whitepaper introduces a decentralized framework designed to transform international trade, valued at over $33 trillion annually. The protocol uses verifiable digital identities and tamper-proof document trails to eliminate inefficiencies in cross-border logistics. Its modular architecture allows businesses to adopt only the necessary components, such as container tracking, while maintaining interoperability with existing systems like GS1 and EPCIS 2.0. A global council, including IOTA and trade authorities, oversees governance, ensuring consensus-driven evolution. Real-world tests, such as a deployment in Kenya, have already demonstrated significant cost and time savings, reducing customs clearance from five days to two with fewer errors. The system’s decentralized trust mechanism enables real-time verification of credentials, eliminating intermediaries and enhancing transparency across supply chains.
about IOTA's TWIN Whitepaper Revolutionizes Global TradeKenyan Police Block CBD Access Amid Protest Fears
Kenyan police set up roadblocks on major routes into Nairobi’s central business district before dawn to prevent thousands of expected protesters from entering. The measures were taken in anticipation of large demonstrations planned for the city center. Authorities sought to maintain order and prevent potential disruptions to business activities in the capital.
about Kenyan Police Block CBD Access Amid Protest FearsIOTA’s Q2 2025: Rebased Mainnet & TWIN Foundation Launch
The IOTA Foundation’s Q2 2025 report highlights significant progress, including the launch of the Rebased Mainnet, which transforms IOTA into a high-performance smart contract platform. The TWIN Foundation, aimed at revolutionizing global trade through blockchain, was also officially launched, already reducing trade document processing times between Kenya and the UK from weeks to minutes. Additionally, IOTA Identity v1.6 beta was released, offering users full control over their digital identities. The quarter also saw strategic events like the East Africa Web3 Innovation Summit, reinforcing IOTA’s real-world applications and partnerships.
about IOTA's Q2 2025: Rebased Mainnet & TWIN Foundation LaunchKenya Crypto Startups Oppose Binance-Linked VAC Regulatory Role
Several Kenyan crypto startups are opposing a provision in the proposed Virtual Asset Service Providers (VASP) Bill that would include the Binance-funded Virtual Asset Chamber of Commerce (VAC) as a nominating body on the regulatory board. A leaked agreement reveals Binance pays VAC $6,000 monthly per country for policy advocacy, regulator engagement, and framework drafting—raising concerns about conflicts of interest. Critics warn this could compromise regulatory independence, citing similar tactics in Rwanda, while VAC defends its inclusion based on its two-year engagement with Kenyan authorities. The bill, which also includes representatives from the Central Bank and Treasury, remains under parliamentary consideration.
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