Kabogo: ‘We are planning new law to guide digital money in Kenya’
Information, Communications and the Digital Economy Cabinet Secretary William Kabogo (left) accompanied by Data Commissioner Immaculate Kassait on July 4, 2025, during the launch of the Office of the Data Protection Commissioner’s (ODPC) Strategic Plan for 2025–2029 at Dedan Kimathi University of Technology (DeKUT) in Nyeri. Photo/Joseph King'ori
The government is planning new rules to guide the use of digital money in Kenya, Cabinet Secretary for ICT and the Digital Economy William Kabogo has said.
Mr Kabogo said on Saturday that the rules will help people and businesses that use virtual assets like Bitcoin and blockchain.
He announced that a new law, called the Virtual Asset Service Providers Bill, is being prepared. It will work together with a national policy on digital money.
Speaking in Nairobi, Mr Kabogo said Kenya is ready to move from being cautious to becoming a leader in digital finance.
“Digital money is the future. We must support innovation but also protect the public,” he said.
He added that the government is looking at how to use blockchain, support stablecoins, and even consider holding Bitcoin as part of national reserves.
Mr Kabogo also said that Kenyans trade over $500 million (about KSh64 billion) in digital assets every month.
The new law will make it clear what is allowed, help attract investors, and create jobs.
He said the government will work closely with local tech experts to make sure the rules support growth and protect users.
“We will involve the public in these plans,” he said.
“We want rules that help businesses and keep people safe.”
If passed, the new law will help small tech companies that work with digital money to grow. It will also protect users and the banking system from risks.